Red Spider completed its first work in West Africa and secured additional contracts in the region.
Work involving the eRED, the company’s open close technology for remotely operating downhole valves, was completed in Equatorial Guinea. The success is expected to lead to further runs of the tool in a number of West African countries with significant interest expressed by operators in Gabon, Ghana, Angola and Nigeria.
Further work involving one of Red Spider’s latest products, eRED-FB, is scheduled with an operator in Equatorial Guinea by mid 2012. Deals completed so far in West Africa are valued at $505,367.
The company’s Africa sales manager, Barry Killoh, said, “Appointing our agent, Africa Oil Services Orwell Ltd., in Nigeria has given us an excellent operational and sales presence on the ground and we can offer a rapid turnaround for operators looking for the benefits our tools offer.’’