United Drilling Tools has appointed a reputed marketing associate and representative in Vietnam to promote its products for Oil & Gas exploration equipments in the region. The company has executed several orders through its marketing representatives. Recently, some of its bids are under active consideration for projects in Vietnam, which are expected to convert into orders.
This representation will open opportunities for the company to expand its market base in Vietnam with major E&P companies like Vietnam National Petroleum Group, Vietnam Oil and Gas Group, Vietsovpetro, PJSC Rosneft Oil Company, Petro - Vietnam and PerencoSA.
Further, recent expansion of offshore exploration and production (E&P) activities in Vitenam have steadily created a growing market for oil and gas equipments with an addressable market size estimated at approximately Rs 400 crore. This will open up a sizable opportunity for the company to increase its market share in Vietnam.
United Drilling Tools is one of the leading manufacturer of downhole tools, handling tools, gas lift equipments, wire line & well service equipment in the world.
