Enteq Upstream PLC Contract award (3203M)
May 07 2020 - 10:10AM
UK Regulatory
TIDMNTQ
RNS Number : 3203M
Enteq Upstream PLC
07 May 2020
7 May 2020
Enteq Upstream plc
("Enteq" or the "Company")
Contract award
Enteq, the oilfield services technology and equipment supplier,
announces award of a new material contract from a new international
customer.
On 7 May 2020, Enteq received confirmation and a cash deposit
relating to a contract valued at $1.0m with a new customer, for
operations in China. The contract is for Enteq's core Measurement
While Drilling technology in combination with an 'At Bit' product
jointly developed with and supplied by collaboration partner Well
Resolutions Technology. The order will be delivered to the customer
during the summer of 2020.
Martin Perry, CEO of Enteq Upstream plc, commented:
"Despite the recent market turbulence, this order demonstrates
Enteq's continuing ability to deliver proven, cost effective,
solutions for our customers' needs. The new customer relationship
broadens Enteq's presence in China and demonstrates the continued
value of our technology partnerships."
For further information, please contact:
Enteq Upstream plc +44 (0)149 461 8739
Martin Perry, Chief Executive Officer
David Steel, Finance Director
Investec Bank plc (NOMAD and Broker) +44 (0)20 7597 5970
Chris Treneman, Patrick Robb, David Anderson
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
CNTKKOBKQBKDBPK
(END) Dow Jones Newswires
May 07, 2020 10:10 ET (14:10 GMT)
Enteq Technologies (AQSE:NTQ.GB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Enteq Technologies (AQSE:NTQ.GB)
Historical Stock Chart
From Jul 2023 to Jul 2024