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ENGlobal Corp. (ENG) Capitalizing on Evolving Drilling Methods
With years of automation expertise and broad industry experience, ENGlobal delivers a complete range of fully integrated process, power and control solutions for projects around the globe. The company’s reliable products are fabricated, programmed, assembled, tested and documented in-house, which allows for customized solutions to client problems and enhanced quality and consistency standards. Through an eye for detail and a keen market plan, the company has been able to exceed analysts’ expectations for growth, recently claiming the top spot in the Houston Chronicle’s listing of the top 100 public companies in Houston, Texas, based on Market Return.
ENGlobal’s Automation Integration segment has played a large part in the company’s growth, as it has cemented itself as one of the world’s leading suppliers of modular enclosures for process instruments and controls. Developing turnkey systems directly from its 80,000 square foot facility in Houston, the company strives to top its competitors in important metrics including responsiveness, reliability and overall professionalism.
The company’s Drilling Rig Control Cabins, in particular, have helped ENGlobal develop long-standing relationships with a multitude of upstream drilling rig manufacturers. Fully modular and highly ruggedized, these specially designed systems are ideal for the extreme environments commonly present on automated drilling rigs.
According to a report by Rigzone, the oil and gas industry could be in store for a major shift in the methods used to locate and obtain natural resources in the near future. The introduction and implementation of automated rigs allow operators to optimize rates of penetration and reach their objectives in shorter amounts of time, while simultaneously creating a much safer environment for everyone involved.
“Drilling is potentially dangerous, with rig staff and heavy machinery operating in the same tight space,” stated Eric van Oort, a former Royal Dutch Shell PLC executive who’s currently working with the University of Texas to study automated drilling. “So why not let machines do the hazardous work?”
As the oil industry scrambles to find ways to reduce costs, much of the oil left to be extracted requires new levels of technology and expertise to attain. With the adoption of automated solutions growing by the day, ENGlobal is well positioned to continue its rapid growth into the future.
For more information, visit www.englobal.com
