AnTech Ltd has secured a substantial investment from Saudi Aramco Energy Ventures (SAEV) and London-based Calculus Capital, following an initial investment from eCORP, which operates a considerable amount of shale deposit acreage in Europe.

The funding is being used to launch AnTech’s new DCTD service capability so that it can use its bespoke systems to deliver highly cost-effective directional drilling solutions to the oil and gas industry. AnTech has set its sights on providing DCTD services with its field-proven drilling systems for operators seeking to improve efficiency and reduce costs.

“In addition to its affordability, the beauty of DCTD is its ability to easily drill underbalanced with a smaller footprint,” said Toni Miszewski, Managing Director of AnTech. “As a result, it is a very effective way to re-enter existing wellbores in order to increase recovery from mature fields, without affecting the environment or damaging the formation,” he added.

Tags: AnTech Limited