Ardyne Adds New Tech from Dril-Quip Subsidiary

Jake Wright, Gulf of Mexico region manager

Ardyne, the Aberdeen-based provider of performance enhancing downhole tool technology, has made a $9.1-million all cash purchase of the casing pulling tool (CPT) technology from TIW Corporation, a Dril-Quip company.

The purchase of the intellectual property for the CPT – which Ardyne market as the Downhole Power Tool – and certain CPT assets gives Ardyne control over the global use and development of the technology while licensing back some rights to TIW.

Ardyne CEO, Alan Fairweather, said: “This acquisition gives Ardyne the ability to access new markets and introduce flexible commercial models. Gaining control over the CPT technology is vital to justify further R&D investment.”

To assist with Ardyne’s expansion within the US market the company has recruited Jake Wright as Gulf of Mexico region manager. Previously vice president of operations at Knight Oil Tools, he arrives armed with a wealth of experience. Based in Louisiana, his primary focus will be supporting clients and growing Ardyne’s business in North America.

Share this article

Follow Subsea World News


<< Apr 2020 >>
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

9th Annual Submarine Power Cable and Interconnection Forum

This year’s Advance Submarine Power Cable and Interconnection conference will focus on the cutting edge thinking that is emerging across…

read more >

The 24th Annual PNEC Conference & Exhibition

The 24th annual PNEC Conference and Exhibition  will bring together the industry thought leaders and technology providers that enable the management…

read more >


Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

M&CCE Expo Marine & Coastal Civil Engineering 2020

This conferences, events, demos, and competitions provide a productive background buzz throughout M&CCE…

read more >