21/10/2008 - 09:35

Coretrack, Apache in Reindeer deal

21/10/2008 - 09:35

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Perth-based Coretrack Ltd has signed an agreement with Apache Energy Ltd to supply its core level recorder tool and associated services to the oil and gas company's Reindeer 2 well located in the North West Shelf.

Coretrack, Apache in Reindeer deal

Perth-based Coretrack Ltd has signed an agreement with Apache Energy Ltd to supply its core level recorder tool and associated services to the oil and gas company's Reindeer 2 well located in the North West Shelf.

Below is the announcement:

SUMMARY

Apache Energy Limited ("Apache") and Coretrack Limited ("Coretrack") sign a Master Services Agreement (MSA) for the supply of Coretrack's tools and services.

Coretrack concludes contract to supply Apache with the Core Level Recorder and associated services, at commercial rates, for use on its Reindeer 2 well.

Coretrack is pleased to announce the signing of a Master Services Agreement ("MSA") to supply its revolutionary Core Level Recorder ("CLR") tool and associated services to Apache.

"Coretrack welcomes the signing of this landmark agreement with Apache and we look forward to building a strong, ongoing working relationship with Apache for the mutual benefit of both companies", said Coretrack Managing Director and CEO, Nanne van 't Riet.

"The signing of this agreement will facilitate the deployment of the CLR and related services to Apache - including, in due course, the CLR with telemetry."

Under the terms of the newly signed MSA, Coretrack also entered into a specific agreement to provide Apache with its CLR and associated services, on commercial terms, for use on Apache's Reindeer 2 well, located in the North West Shelf of Western Australia. This job is scheduled to take place by the end of October 2008.

Apache is the Australian operating subsidiary of Apache Corporation, one of the world's largest independent oil and gas exploration and development companies.

 

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