Production and integrity evaluation specialist READ Cased Hole is expanding its footprint in the international oil and gas sector through an ambitious strategy to deliver significant growth and develop innovative new solutions for its customers.
The company, with a current workforce of over 40, has targeted investment in the recruitment of high-calibre industry talent to promote further North Sea growth and accelerate expansion in to new geographic areas, including the Middle East and Asia.
The expansion of its technical sales team and establishment of a new office in Perth, Australia, has already paid dividends with completion of READ’s first operations in Asia for a national exploration and production customer. This involved provision of READ’s industry-leading well integrity evaluation services on multiple wells on a high-value asset.
Investing in technology development
READ has also invested in its research and development team, which is dedicated to identifying alternative ways of using existing technology and designing new solutions. Headed by newly appointed Technical Director, Tobben Tymons, this team works in support of the business and its customer base to develop innovative answers to industry challenges.
READ’s business is production and integrity evaluation. With 25 years of concentrated cased hole logging experience and a solid track record of delivering assured diagnostics, READ supports its customers with the high-value well intelligence they require to make qualified decisions about their wells, quickly.
Overcoming production and integrity challenges
Chief Executive Officer, Roy Martin, said: “Operators today are faced with ever-more challenging production and integrity issues across the lifecycle of their wells and the life of their fields. Our job is to overcome those challenges and enable our customers to make the right decisions for their well, quickly and with confidence.
“We are acutely aware of how high the stakes are in well integrity and production. That is why we deliver clear, quick, concise and understandable well integrity and production evaluation information, designed to minimise risk, maximise safety and deliver profitability.”
Enormous scope for READ’s expertise
Mr Martin said: “This has been a year of significant growth, investment and change for READ as we strive to bring our technological capabilities and precision diagnostic excellence to a wider global customer base.
“The progress made in securing a foothold in Asia and delivering for a new customer in this region is hugely encouraging and is representative of the enormous scope we see across our target markets for our expertise.”
READ will shortly celebrate 25 years in business and is marking that milestone by unveiling a new brand identity at this year’s SPE ICoTA European Well Intervention Conference in Aberdeen (November 12-13), at which it is the event’s platinum sponsor.
Mr Martin added: “This is an exciting new chapter for READ. We have high expectations of continued success and significant advances in the technological solutions we bring to our customers through our expertise, dedication and ongoing investment in this area.”