Exclusive license of Rotary Steerable technology and IP from Shell. Engineering centre established in the UK for commercialisation of the system.
Collaboration with technology partner Well Resolutions Technology releases seamless AtBit geo-steering solution with Short Hop EM.
Continued development of products and patent filings.
Relocation of Californian product centre to Houston providing a full service centre from a single location.
Consolidation during industry down-turn , with strong retention of cash and financial stability in company while continuing to invest in engineering and international market development.
Integration of XXT, KMS & ProFlow into a full MWD system provider.
Acquisition of KMS & ProFlow, Houston, Texas. Manufacturer and supplier of industry standard mechanical drilling tool components and fabricated equipment for MWD and mud motors.
Acquisition of XXT, Santa Clara, California. The leading independent provider of high end down-hole MWD electronics to the main independent North American service companies.
Enteq Upstream plc formed and listed on AiM, London Stock Exchange.
Enteq management team were CEO and senior managers of Sondex plc, a successful Wireline and MWD technology company which grew under private and public funding prior to being acquired by General Electric.