News28 February 201930 January 2019
EnerQuip hits Middle East milestone
27 March 2018Enerquip, the leading global supplier of torque machine solutions for the oil and gas industry, has reached a major growth milestone in the Middle East, winning more than 100 projects since the beginning of 2017. The growth has been driven by the continued rise in the number of wells drilled in the region.
The projects have supported the company reaching its revenue target ahead of schedule. These include a mix of capital equipment sales and service work to clients across 11 countries. The company's wealth of industry knowledge, extensive torque machine expertise, and 24/7 software support model were key factors from demand. The company plans to increase its presence in the region, with 30 percent of its global revenue forecasted to come from the Middle East in 2018.
Dave Clark, Managing Director at Enerquip comments: "The Middle East is a strategically important region for us and we aim to build on our strong relationships with our clients this year. It's important that service companies have a reliable supplier available to provide 24/7 support. Without this, production can come to a halt, causing profits to drop."
"These projects are a testament to the efficiency and reliability of our products coupled with our teams' sought-after expertise. Our next step will be bolster our presence in the region and we're relishing this challenge."