Enteq Upstream Plc (AIM:NTQ) Contract award

Enteq, the oilfield services technology and equipment supplier, announces a contract from a new international customer.

On 7 December 2017, Enteq received confirmation and a cash deposit relating to an initial contract valued at $0.5m for operations in Indonesia. This is the first order Enteq has won in this territory. The contract is for using Enteq’s core MWD (“measurement whilst drilling”) technology in a geothermal application. The order will be delivered to the customer early in 2018.

Martin Perry, CEO of Enteq Upstream plc, commented:

“Enteq continues to develop new territories and applications for our equipment. This contract award represents the ongoing efforts to broaden the company’s market presence.

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