New R&D-Focused Upstream Service Provider Emerges from Three Established Companies

Churchill Drilling Tools, Mohawk Energy and Coretrax unite.

Three oil and gas technology firms have combined their evolving IP and resources to offer the global oil and gas industry an integrated approach to well integrity and production optimisation.

Churchill Drilling Tools and US-based expandable tubular well specialist, Mohawk Energy, have joined with Coretrax under its new brand, with a unified innovation offering designed to improve production performance and well intervention efficiencies.

Kenny Murray will continue as CEO of Coretrax and John Fraser, formerly Global Business Development Director at Coretrax, has been appointed COO.

Mr Murray explains: “Oilfield challenges continue to grow in complexity and our mission is to push boundaries to support the industry with novel and advanced ways to tackle well integrity and production optimisation. Given current industry challenges with the low oil price and COVID-19, it’s even more important that we support the sector with a continuous focus on reducing rig costs. Integrating the impressive people and products from Churchill Drilling Tools and Mohawk Energy with Coretrax allows us to provide life-of-well solutions from drilling to decommissioning, directly targeted at production performance and integrity issues.”

The new organisation now has a portfolio of over fifty technologies, offered through three innovation platforms, and plans to launch disruptive technologies to market this year. The company intends to reinvest more than 15% of revenues into R&D each year.

Mr Murray added: “Our customers can expect the same responsiveness and problem-solving approach; but will benefit from a much broader portfolio of unified technologies and solutions. We also intend to increase our manufacturing capabilities, supporting the local economies in which we work.”

Former Mohawk Energy CEO Scott Benzie is now CTO at Coretrax, and Michael De-Rhune has joined the new leadership team as CFO. He was previously Group CFO at Excellence Logging and has held senior financial roles with Bibby Offshore, CEONA and Subsea 7. The company has also strengthened its support services with key appointments across the business in HR, finance, global QHSE and integration.

Churchill Drilling Tools was founded in 2002 with operations in the UK, US and Middle East. Mohawk Energy was formed in 2004 in Houston providing innovative tubular expansion technologies.

Coretrax now employs 250 people globally with an extensive Middle East footprint including Saudi Arabia, Abu Dhabi, Doha and Qatar, plus other operations in Houston and Malaysia.