Enteq Technologies plc (5EQ)
XFRA XFRA Primary Summary
Enteq Technologies plc Profile
| - Industry | - Sector | Mr. Andrew Robert Law CEO | XFRA Exchange | GB00B41Q8Q68 ISIN |
| United Kingdom Country | 11 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Enteq Technologies Plc operates globally, providing innovative reach and recovery solutions to the oil and gas services sector, particularly focusing on the technologies required for efficient and reliable energy exploration. The company, originally known as Enteq Upstream Plc, underwent a name change in October 2021, signaling a broader commitment to technological advancements within the industry. Established in 2011 and headquartered in Ascot, the United Kingdom, Enteq has expanded its services to major markets including the United States, China, Europe, Central Asia, and Australasia. The company's core expertise lies in designing, manufacturing, and distributing specialized equipment necessary for directional drilling and measurement while drilling (MWD) operations, essential for the exploration and services segment of the oil and gas industry.
Products and Services
Enteq Technologies Plc's product portfolio is designed to enhance efficiency and accuracy in oil and gas exploration through a range of specialized tools and systems:
- Downhole Connectivity Systems
- Measurement While Drilling (MWD)
- Logging While Drilling (LWD)
- At-Bit Gamma and Resistivity System
- Rotary Steerable Systems
These systems ensure reliable communication and data transfer between the drill bit and the surface, critical for real-time decision-making during drilling operations.
Enteq provides advanced MWD tools that include azimuthal gamma modules and electromagnetic telemetry, facilitating precise drilling direction and formation evaluation.
The LWD suite, featuring products such as BoundaryTracker, TrackerExpress, and GeoTracker, enables comprehensive analysis of the geological formation while drilling, essential for optimizing well placement and enhancing hydrocarbon recovery.
This technology offers immediate evaluation of the formation at the drill bit, allowing for adjustments in drilling direction to avoid hazards and improve overall efficiency.
These systems provide enhanced directional control over the drill bit, facilitating the drilling of complex well paths and drastically improving the rate of penetration.
