ABERDEEN-BASED oil field service company Coretrax Technology said yesterday it was on target to turn over £1million in its first 18 months.
It was also ready to begin expansion into the Middle East and increase its team to 12.
The firm specialises in the design and production of wellbore tools for drilling, completion and workover operations.
Kenny Murray, founder and managing director of Coretrax, said: “We have had a very successful 18 months since launching Coretrax during a challenging time, especially for a start-up company. Our reputation as a firm that can meet the needs of the speciality wellbore sector is growing globally – the North Sea continues to be a strong focus, but we are also growing our presence in the Middle East with some large projects in the pipeline.”