Coretrax extends reach across Europe with DVK Energy partnership

Source: press release, 27 September 2022

Coretrax is a global frontrunner in oil and gas well integrity and production optimisation
Coretrax is a global frontrunner in oil and gas well integrity and production optimisation (photo: Coretrax)

Coretrax, the global well integrity and production optimisation leader, has further enhanced its commitment to the European market through a new distribution partnership with Germany’s DVK Energy, a downhole tool sale, rental, and maintenance specialist.

DVK Energy delivers technologies and 24/7 support services from its industry-leading facilities in Celle, a vital oil and gas hub with direct access to key transport routes, improving distribution links for Coretrax’s equipment across mainland Europe.

The strategic distribution agreement will enable Coretrax to mitigate logistics challenges faced following Brexit, enhance its response and delivery times, while delivering cost efficiencies and reducing its carbon footprint.

Coretrax, which has worked in Europe for more than 14 years, will also benefit from access to the EU’s open borders and new markets, including rising Geothermal opportunities in the region.

Three of Coretrax’s product lines will be distributed by DVK Energy in Germany, including: AEON plug and abandonment technology; ORIGIN wellbore clean-up products; and ADVANCE drilling tools.

Keith Bradford, Western Hemisphere President at Coretrax, says, “The partnership with DVK Energy marks a significant milestone for the company by supplying to Europe from within mainland continent. This collaboration opens doors for new and existing customers across the European market as product delivery time can be reduced to just hours due to the hub’s central European location in Celle. Bringing our products to the heart of the region is a key step in our growth strategy.”

“We take pride in our customer service and confidence in delivery, and DVK Energy mirrors this ethos. The company has a strong reputation throughout the industry and its location and first-rate facilities are ideal for servicing a large portion of the market. We look forward to working alongside them as we expand our offering in Europe and across industries,” Bradford continues.

Dirk von Kittlitz at DVK Energy says, “Partnering with Coretrax will allow us to not only bring its specialist products to new regions across Europe but enhance its current offering to clients. We are ideally positioned to distribute its product lines to countries across the continent and look forward to supporting its growth in this area.”