Qteq wins largest well monitoring contract
Qteq, the world’s largest supplier of subsurface wired gauge systems, today announced that it has been awarded its biggest ever, multi-year contract in Australia from Shell’s QGC.
Qteq’s Chief Operating Officer, Ewan Meldrum, said he was thrilled to continue Qteq’s longstanding relationship with QGC.
”The award to a local Australian company provides us with a platform to deploy our innovative and price point appropriate technologies,” Mr Meldrum said.
“We are committed to providing for the local economy with a focus on innovation, jobs and growth.”
“Qteq has continued to demonstrate its commitment to offering the most advanced subsurface services and technology across the country. We are currently trialling technology that will eventually replace wire‑deployed systems, and this will ensure we continue our growth trajectory as we become the recognised technology bridge between the oil and gas industry and the mining and groundwater industries.”
The announcement comes off the back of a string of acquisitions that continues to enhance Qteq’s service capability.
Qteq’s Chairman and CEO, Simon Ashton, said this contract award was fundamental for the company’s long-term business plans.
“We are more than 90 per cent owned by our staff and management team,” Mr Ashton said.
“At Qteq, innovation never sleeps as we continue to scour the world for economically appropriate solutions allowing us to face the challenges we are confronted with in the CSG market in Queensland,”
“It also completes our turnaround from a year ago via merger and acquisition with only 40 staff, to now operating with more than 115 employees. We look forward to providing additional services as part of our new portfolio to Shell’s QGC business, and across the entire Australasia market segment.”