DeltaTek Global, well construction specialist, has reported a record-breaking 2021, with business growth, global expansion and contract awards totaling approximately £3m.
Known for its disruptive technologies which are continuing to be deployed by some of the industry’s most prolific operators, DeltaTek has experienced significant expansion in the last year, having entered new markets and delivered operations in the Gulf of Mexico, West Africa and Asia Pacific.
Mirroring its global success, DeltaTek has also cemented its position in the maturing and established UK and Norwegian markets, having completed a number of successful deployments and recently renewing a partnership agreement with Stavanger-based service provider, GS Oilfield Solutions, for the supply of the full suite of the Cure service line as well as ArticuLock® technology to the Scandinavian region.
The company has also evolved its capabilities to adapt to the new operating environment resulting from the global pandemic, delivering its SeaCure® and QuikCure® technology as a remote service to the clients in Asia, revoking the need for international travel and reducing carbon footprint.
As well as growing the team and increasing the headcount to 17, the company has expanded its intellectual portfolio having been granted five further patents bringing the total to 11, following the investment of +£500k in new technologies and +£400k in capital assets.
Chief executive officer, Tristam Horn comments: “Our global team has worked extremely hard to deliver these results, which surpassed our expectations for 2021.
“The global growth, successful deployments and expansion of our intellectual portfolio is testament to DeltaTek’s commitment to continuous development and innovation as well as optimising operations and creating value for our customers.
“Following on from a successful 2021, we are heading into what is set to be a busy 2022. As we continue supporting our existing clients with ongoing drilling campaigns, we have already confirmed a number of projects which are due to start in 2022.
“A focus on technology, collaboration and people is required to keep the industry moving forward – results suggest that we are meeting our aim to be at the forefront of that movement.”
Launched in 2015, DeltaTek’s disruptive technologies, the Cure service line, including SeaCure®, SeaCureRS, QuikCure®, CoreCure® and ControlCure®, and its fatigue mitigation system, ArticuLock®, were created in response to the growing requirement for simple, risk-reducing, cost-saving and value-adding oil and gas service solutions.