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.

Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates. Terms of Website Use All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned

Weekly Newsletter

Sign up to receive exclusive stock market content in your inbox, once a week.

We don’t spam! Read our privacy policy for more info.

Tags: ,