Coretrax has strengthened its position in the Middle East by opening an office in Abu Dhabi, its fourth base in the region, totalling a $2million investment.
A team of four personnel work from the base, and this is expected to grow to 14 within the next 12 months as Coretrax expands to another office and warehouse based in Mussafah, southwest of the city, in late 2015.
Coretrax, who offer a wide range of downhole tools and services with applications across the well life cycle, currently has bases in Saudi Arabia and Dubai, which have been operational for 24 and 12 months, respectively. The company also has a base in Ebril, Iraq and a team of 14 is currently employed across all Middle East bases.
This latest expansion signifies the next step in Coretrax’s ambitious plans to penetrate the Middle East and comes as the company announces the appointment of UAE based agent, SAMCO to represent Coretrax in Abu Dhabi.