United Drilling Tools (UDTL) has signed a License Agreement with Interpipe Ukraine LLC to cut premium thread on full length casing and tubing pipes in India. The company is expecting to start the commercial operations by the last quarter of next financial year 2023-24. With this alliance, UDTL is expecting to tap additional business / market share of Rs 200 to 300 crore per year.
Interpipe is a global producer of comprehensive range of steel pipe products for transportation and exploration of Oil and Gas segment. Interpipe has developed unique premium connections technology on Casing and Tubing used in Oil Country Tubular Goods (OCTG).
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. The product range of the company includes Wireline Winch Units, Gas Lift Equipments, Down Hole Tools and Handling Tools.
