Deep Casing Tools receives King’s Award for Enterprise

Aberdeen-based Deep Casing Tools has been recognised with a coveted King’s Award for Enterprise for International Trade. A leading provider of innovative solutions for the global oil and gas industry, the company has been rewarded for its robust international trade growth strategy, and its success in the Middle East, Asia Pacific and Latin America markets.

In response to increasing demand for its technology, the company recruited an additional seven people last year, including three strategic appointments in Saudia Arabia and the United Arab Emirates (UAE), increasing its total number of employees globally to 25.

Deep Casing Tools CEO David Stephenson said: “We have significantly increased our overseas footprint in recent years by entering new territories, and it is fantastic to see our efforts recognised with a King’s Award for Enterprise. By diversifying our business internationally, prioritising markets with the highest growth potential and building strategic alliances, we have built a strong track record across the regions we operate.”

Hard work and dedication
He continued: “Our global growth strategy has been led by a combination of robust research and development (R&D) with in-depth market knowledge to identify opportunities for expansion and development, while continuing to deliver a personal, bespoke service to each of our customers. I am delighted for our team, this award is a testament to their continued hard work and dedication and I look forward to building on this success in the coming years.”

Deep Casing Tool’s suite of technology includes the TurboCaser, TurboRunner, MechLOK and Rubblizer. All were used around the world in 2023, delivering a total of 64 projects, with the TurboCaser accounting for 73% of its global commerce.

The high-speed, turbine-powered casing running system helps drilling teams to land casings and intermediate liners at target depth in even the most complex wells. It is 75% faster than conventional technology and can save up to three days per project, delivering significant efficiencies.

The company has experienced significant demand for the solution, particularly in Saudia Arabia and the UAE. During a recent project offshore Abu Dhabi, the application of the TurboCaser enabled a major operator to save more than 1,500 rig time hours, $13.7 million in operational costs and 4,247MT in CO₂ emissions when compared to traditional methods.