KURGAN & PERM, Russia--(BUSINESS WIRE )--Varel International and NewTech Services announce building completion and launch of their Polycrystalline Diamond (PDC) Drill Bit manufacturing plant located in Kurgan, Russia. Using the most advanced global technologies and tools this plant will be one of the most modern PDC plants in the world and the most modern in Russia. The official opening ceremony was held in Kurgan on August the 2nd and was attended by the Administration of Kurgan region, representatives of most of Russian oil and gas companies, and leaders of drilling and oilfield services companies.
The Kurgan plant is at the heart of the Varel NTS joint venture focused on manufacturing and servicing oil and gas drill bits for the Russian CIS market and beyond. The Varel NTS plant is a state-of-the art PDC manufacturing and service facility, an alliance between Varel’s high technology engineering and manufacturing and the strength of NTS in drilling technology, infrastructure, market knowledge, and customer requirements.
“In this first phase of the venture, Varel has provided support through the transfer of our proven, reputable technology. The plant’s key personnel have been trained at our manufacturing facilities in France. In addition to our commitment to establishing the physical manufacturing equipment and technology, we are providing ongoing administrative and technology support,” said Bernard Pontneau, Varel International Vice President of Eastern Hemisphere Operations. He continued, “We are proud of this new venture and we are sure that it will become a significant part of our global manufacturing network.”
Mark Sadykhov, President of NewTech Services added, “The initial phase of the two companies’ cooperation is accomplished. The plant has been built and turned into operational mode. We now have the opportunity to locally produce effective and reliable tools for the highly competitive drill bit market. We believe in the long-term success of this enterprise, the results of which will be useful for the Kurgan region, and for our customers - consumers of the plant’s production, and for both partners in this joint project.”
Partners in the joint venture, Varel coordinates the manufacturing efforts and provides ongoing administrative and technology support with NTS championing the sales and services enterprise. The new facility, centrally located to facilitate rapid bit delivery across Russia, increases global Varel PDC drill bit production by approximately 20 percent.
Founded in 1947, Varel International is the world’s largest independent supplier in the global oil & gas drill bit market. Headquartered in Carrollton, Texas, Varel services oil & gas, mining, and industrial markets with its comprehensive suite of roller cone and fixed cutter drill bits. The company employs more than 1,000 people and has manufacturing facilities in Carrollton, Texas; Houston, Texas; Matamoros, Mexico and Tarbes, France, as well as sales offices throughout the world. Varel’s proprietary design capabilities, efficient manufacturing, and global sales force uniquely position the company to provide high-quality drill bits that deliver excellent performance and value to its customer base.
For more information, please visit www.varelintl.com.
NewTech Services provides high technology products and services to companies within the oil and gas industry. Using advanced technology and innovative equipment, NewTech strives to improve its customers’ business profitability and assist in maintaining their business worldwide. One of Company’s product lines is Drill Bit Services. NewTech Services is an exclusive Varel International representative, one of the leading international manufacturers of roller cone and diamond drill bits. Through this partnership, the Company offers vast drill bit selections and delivers specialized solutions using unique design optimization technologies. NewTech supports its customers by providing efficient delivery times for their sensitive deadlines and offer support service at all project stages.
For more information please visit www.nt-serv.com/en.
Varel International Bill King, +1.281.670.2411 Marketing Director bking@varelintl.com
Varel International Bill King, +1.281.670.2411 Marketing Director bking@varelintl.com