Topic: Commercial Transactions

DCT builds on recent investment with announcement of key senior appointments

Region: Middle East
Content Types: Report
Date: Feb, 2021

L R Edward Kerr Kevin Robertson and David Charles

Deep Casing Tools (DCT), a technology development company for the global energy sector, has secured investment of UK£1.6mn from EV Private Equity and Scottish Enterprise enabling the company to develop and commercialise new innovations that will transform operations across well completion, well construction, well abandonment and slot recovery. In a bid to capitalise on this, the company has made a series of senior appointments and created a new role in its global team.

David Charles

Armed with extensive well and extended reach drilling (ERD) knowledge, derived from 34 years working in the energy sector, David Charles has been appointed as Well Engineer and has been identified as instrumental in helping DCT’s customers maximise return on investment. Prior to joining DCT, David was an ERD Drilling Engineer with ADNOC, delivering ERD wells on a world class projects before becoming a self-employed ERD well specialist consultant. The creation of David’s Well Engineer role demonstrates DCT’s dedication to project performance, with his involvement enabling the expert design, construction and maintenance of wells. Collaborating with well teams onsite, David will lead technical delivery to ensure optimal emissions savings, time savings and cost efficiencies.

Edward Kerr

Edward Kerr joins DCT as Global Sales Manager from Ardyne Technologies where he held the role of regional Vice President, leading Middle East and Asia Pacific operations and global business development activities. At DCT, Edward will focus on driving tool sales, including the firm’s well established TurboCaser and TurboRunner. He will lead business development activities across target international regions, which will increase awareness of the economic and environmental efficiency gains DCT’s suite of well life cycle tools can deliver to major operators.

Compared to conventional technologies, DCT’s TurboCaser and TurboRunner tools are 75% quicker by ensuring casings and completions reach target depth on the first attempt, saving around three days in even the most complex wells. In a typical offshore well, this time saving translates to a saving of around US$600,000. Edward will also introduce new innovations to global markets, such as the highly anticipated Casing Cement Breaker and recently patented MechLOK Drill Pipe Swivel, enabling industry to revolutionise well operations.

Kevin Robertson

Completing the set is Kevin Robertson, who has been appointed Middle East Regional Manager. Having acquired over 20 years’ industry experience, specifically within tubulars, drilling and completions, Kevin Robertson will focus on DCT’s strong presence in the Middle East, which has been a key market for the firm for over a decade. He will further develop current relationships in the region with partners and the world’s largest operators, and identify new opportunities for revenue growth.

Speaking on his appointment, Robertson said, “As a small but global independent company, Deep Casing Tools is very agile and allows its employees to have a creative say in the business, letting all voices be heard. I was excited by its fantastic portfolio of innovative tools that are helping industry achieve remarkable efficiencies and overcome the complex well challenges that drilling teams face today.”

Commenting on the new additions to DCT, David Stephenson, CEO of DCT, said, “We’re pleased to welcome Edward, Kevin and David to the Deep Casing Tools team, their expertise and experience adding a new dimension to our global offering. I am certain they will prove invaluable to client operations and projects, and will play a crucial role in our ambitious growth strategy for 2021 and beyond. Strengthening the expertise and experience within our team, coupled with the recent investment from EV Private Equity and Scottish Enterprise, will ensure we meet growing industry demand for our technologies, helping our customers optimise performance, increase efficiency and ultimately, reduce carbon footprint.”