Enteq Upstream signs on new international customer

Oilfield services technology and equipment supplier Enteq Upstream announced a contract from a new, unnamed international customer on Friday.

The AIM-traded firm said that on 7 December, Enteq received confirmation and a cash deposit relating to an initial contract valued at $0.5m for operations in Indonesia.

It said that was the first order Enteq had won in the territory.

The contract was for using Enteq's core measurement-whilst-drilling technology in a geothermal application.

Enteq said the order would be delivered to the customer early in 2018.

“Enteq continues to develop new territories and applications for our equipment,” said CEO Martin Perry.

“This contract award represents the ongoing efforts to broaden the company's market presence.”