Enteq Upstream PLC (Enteq), a provider of systems and components for Measurement While Drilling (MWD) and directional drilling, has appointed Shenkai as its new distributor in Shanghai.

Shenkai will supply Enteq drilling products, particularly the XXT MWD product line, to the Chinese market.

As a large public company specializing in oilfield products such as mudlogging equipment, Shenkai will provide Enteq with in-country support and will hold substantial stock. In a significant commitment, Shenkai has initially incorporated five Enteq kits into its stock, valued at approximately $2 million.

Martin Perry, CEO, Enteq, said, “We chose Shenkai because of their enthusiasm towards the partnership, their significant size and the sheer range of resources that they have available. With more than 1000 employees throughout China, Shenkai can provide the sales force necessary to penetrate the geographically dispersed China oilfields. We also value the trust, security and transparency incumbent in working with a fellow public company.”

CS Fan, Enteq’s China and South East Asia (SEA) sales manager, will manage the relationship from China. “This partnership will mean a significant presence for Enteq in one of the world’s busiest drilling markets, with huge future sales potential,” he said. “We expect that this relationship with Shenkai will evolve into technical and manufacturing cooperation in the future.”

The partnership with Shenkai is the latest in a number of international deals completed recently, serving to enhance and grow Enteq’s business in China.

Enteq Upstream PLC

Enteq Upstream PLC, a London Stock Exchange listed company (NTQ), has completed acquisitions in the MWD and directional drilling markets and is rapidly expanding through further organic development, entrance into new markets and partnerships.

 

FOR MORE INFORMATION:

Danny Broughton
Corporate Development, Enteq Upstream
+44 (0)7710 453941
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Tiffany Harris
President, Foster Marketing
+1 337-235-1848
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