ABERDEEN, Scotland--(BUSINESS WIRE)--Downhole Products are marking their trip to this year’s Offshore Technology Conference (OTC) in Houston with news that the company has been awarded a prestigious Queen’s Award for Enterprise – the UK’s highest accolade for business success.
This is the second time the company has received the honour and the 2012 Queen’s Award was made in recognition of the company’s outstanding achievement in overseas trade which has seen revenue grow 134% in the last three years, surpassing performance which led to the previous Queen’s Award.
Downhole Products are a world market leader in the design, manufacture and supply of casing accessories and completion tools such as centralisers, reamer guide shoes and cable clamp protectors. The most recent addition to their product offering is CaseBit, a joint development with American parent company Varel International which incorporates patent pending features designed to ensure effective drilling and smooth drill-out for the following string.
The company’s headquarters are at Portlethen near Aberdeen, Scotland and it also operates bases the Middle East, Asia, USA and Australia where business worth around $750,000 was secured in the office’s first six months of operation.
Commenting on the Queen’s Award 2012, Downhole Products managing director Ian Kirk said: “Around 93% of our business lies in the export market and we are continuing to benefit from a buoyant industry in all of our key locations.
“That has resulted in excellent growth in our overseas sales and this important accolade is excellent testament to the hard work of all involved.”
Downhole Products are exhibiting at OTC 2012 in Houston from April 30th to May 3rd and can be found on stand 8752.
Notes to Editors
Photos of Ian Kirk is attached for your consideration.
Established in 1994, Downhole Products are world market leaders in the design, manufacture and supply of casing accessories and completion tools such as centralisers, reamer guide shoes and cable clamp protectors. The company’s headquarters are at Portlethen near Aberdeen and it operates bases in Australia, the Middle East, Asia and USA. For further information, visit www.Downhole.org email mail@Downhole.co.uk or call (01224) 784411.
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