Enteq Upstream (Enteq) announces the appointment of commercial director Andrew Law to CEO, succeeding Enteq founder Martin Perry.
Perry will step into the role of non-executive Chairman, while Law will focus on driving international business growth and continuing to differentiate Enteq’s product portfolio. With a wealth of engineering and finance expertise from Weatherford, KPMG and Schlumberger, Law brings over 20 years of industry experience to the role, with more than two at Enteq to-date.
Perry comments: “As the industry recovers, we are ready to accelerate Enteq’s growth trajectory. With Andrew at the helm, I’m confident we will continue to build on our success of establishing the business in new geographical markets. I’m committed to supporting Andrew in this role, while also reviewing strategic growth opportunities for the business.”
The news follows the company’s recent launch of its novel alternative to traditional rotary steerable systems (RSS) for directional drilling: the SABER Tool (Steer-At-Bit Enteq Rotary Tool).
Law adds: “We’ve seen strong growth a number of repeat orders from well-established North American operators across our portfolio. We intend to build on that growth and see the SABER Tool as a point of difference in our offering. As directional drilling becomes more complex, efficiency is front and centre and SABER will offer service companies and operators alike a way to remain competitive.”
In addition to these senior management appointments, the company recently hired Neil Bird as Project Director to steer the development and growth of the SABER Tool.