Enteq Selects Shenkai as Shanghai Distributor
Enteq Upstream PLC, supplier of systems and components for Measurement While Drilling (MWD) and directional drilling, has appointed Shenkai as its new distributor in Shanghai.
Shenkai, which specializes in oilfield products such as mudlogging equipment, will provide Enteq with in-country support and will hold substantial stock.
In addition, the company will supply Enteq drilling products, particularly the XXT MWD product line, to the Chinese market.
As a result of this partnership, Shenkai has incorporated five initial Enteq kits into its stock, valued at approximately $2 million.
Martin Perry, CEO, Enteq, said, “We chose Shenkai because of their enthusiasm towards the partnership, their significant size and the sheer range of resources that they have available. With more than 1000 employees throughout China, Shenkai can provide the sales force necessary to penetrate the geographically dispersed China oilfields. We also value the trust, security and transparency incumbent in working with a fellow public company.”
CS Fan, Enteq’s China and South East Asia (SEA) sales manager, will manage the relationship from China. “This partnership will mean a significant presence for Enteq in one of the world’s busiest drilling markets, with huge future sales potential,” he said.
“We expect that this relationship with Shenkai will evolve into technical and manufacturing cooperation in the future.”
The partnership with Shenkai is the most recent of many international deals completed by Enteq, all which serve to enhance and grow the company’s business in China.