Home > Boards > US OTC > Oil/Gas/Natural Energy Production > Superior Drilling Products (SDPI)
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Alias Born 09/16/2009

Friday, September 07, 2018 11:12:39 AM

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Found this in the Q2 report... Huge market with great income potential.

In December 2017, the Company entered into an agreement with Weatherford U.S., L.P. (“Weatherford”) to launch a joint market development program to introduce our Drill-N-Ream tool in the Middle East.

Under the development agreement, Weatherford and SDPI will demonstrate the Drill-N-Ream’s capabilities with large Middle East operators in Saudi Arabia, Kuwait and Oman.

The program was initially planned through June 30, 2018, and we are currently negotiating an extension of the program through December 31, 2018.

SDPI and Weatherford each employ a local resident Product Champion to execute the pilot test program of 18 Drill-N-Ream tools. Upon the technology being proven in the region, the parties plan to enter into a long-term commercial agreement.
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