RCS - Enteq Technologies - SABER Tool – Field Trial Update

Enteq Technologies

08/11/2021 07:00

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RNS Number : 6268R  Enteq Technologies PLC  08 November 2021

Enteq Technologies plc

 

("Enteq", the "Company" or the "Group")

 

 

SABER Tool - Field Trial Update

 

Enteq Technologies plc (AIM: NTQ.L), the energy services technology and
equipment supplier, is pleased to provide an update on the field trials and
ongoing development of its disruptive alternative to traditional rotary
steerable systems (RSS); the SABER (Steer-At-Bit Enteq Rotary) system.

 

The SABER system is an evolution of a unique concept originally developed by
Shell, subsequently licenced to Enteq. Field trials conducted by Shell proved
the ability to steer and build significant angle. Following re-engineering by
Enteq, the SABER system has proven successful in reaching the development
programme milestones and validating all expectations to date.

 

Field trials

During the initial phase of downhole testing in a live drilling environment,
SABER's control system has successfully demonstrated the ability to operate
correctly, meeting the test objectives. The downhole test programme will
continue, in-line with the technology development plan.

 

System testing

The SABER system performed well during system testing, delivering an operating
range better than predicted, increasing the ability to control. In addition,
testing has been completed which confirms that the SABER can generate the
required at-bit steering forces.

Commercialisation

Upon commercialisation, SABER will be marketed in selected operating regions,
with the scope to expand the product range with additional system sizes.
Successful development of SABER will greatly expand Enteq's addressable
market.

 

ADIPEC exhibition - Abu Dhabi

SABER will be exhibited by Enteq, together with the Group's MWD and LWD
technologies, at the ADIPEC trade exhibition in Abu Dhabi which runs from 15
to 18 November 2021.

 

 

 

For further information, please contact:

Enteq Technologies
plc
+44 (0) 20 8087 2202

www.enteq.com (http://www.enteq.com/)

Andrew Law, Chief Executive Officer

David Steel, Chief Financial Officer

 

finnCap Ltd (NOMAD and
Broker)
+44 (0) 20 7220 0500

Ed Frisby, Emily Watts, Tim Harper (Corporate Finance)

Andrew Burdis, Barney Hayward (ECM)

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