EnerQuip has reportedly won more than 100 projects in the Middle East since the beginning of 2017, and has achieved its revenue target ahead of schedule.
The supplier of torque machine solutions has attributed the growth to the continued rise in the number of wells drilled in the region.
The company plans to increase its presence in the region. As much as 30% of its global revenue is forecast to come from the Middle East in 2018.
Dave Clark, managing director, EnerQuip, said, “The Middle East is a strategically important region for us, and we aim to build our relationships with our clients this year. It’s important that service companies have a reliable supplier available to provide 24/7 support. Without this, production can come to a halt, causing profits to drop.
“These projects are a testament to the efficiency and reliability of our products coupled with our teams’ sought-after expertise. Our next step will be bolster our presence in the region and we’re relishing this challenge.”