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PAUL Chief Executive Officer at NTS Group |
How would you introduce NTS Group?
Operating from strategic Oil & Gas locations, NTS Group offers a range of complex repairs to downhole Measuring While Drilling (MWD) & Logging While Drilling (LWD) tool chassis and non-magnetic collars. We also offer a range of precision manufacturing solutions for high integrity tubular components.
How do you value the integration of NTS into the Tubacex Group?
Integration of NTS Group into TUBACEX will enable us realize our next growth phase by increasing operational efficiencies through adoption of applicable work processes & systems, access to TUBACEX global footprint, bringing ongoing investment to support development of new repair / manufacturing technologies as well as strategic acquisition of complementary business.
How can NTS contribute to TUBACEX strategy of becoming an integrated supplier of tubular solutions?
NTS Group brings a wealth of expertise in mechanical repair and manufacture of tubular products, within the Middle East and Saudi Arabia. We hold unique approvals with many International Oil Companies and Tier 1 Service Providers and are recognized for providing the best levels of quality, service and delivery within the machining sector. Through the acquisition of NTS Group, TUBACEX is able to demonstrate our best-in-class machining capability as well as leveraging our reputation, track record and infrastructure to accelerate growth across the region.
What are the most important changes that you foresee in the Oil & Gas industry sector?
We have witnessed significant restructuring within our client base to reduce spending and establish a viable cost model to support the lower oil price levels. Within the downhole Repair/Manufacture sector the biggest change we’ve seen across our customer portfolio is the move from a CAPEX-based new equipment approach to an OPEX-based repair philosophy when providing service & support to oilfields.