Varel, NewTech form JV to make drill bits for Russia

Offshore staff

CARROLLTON, Texas – Varel International and NewTech Services have established a joint venture to supply drill bits to the Russian CIS market.

The JV, Varel NTS, will focus on manufacturing, assembling, servicing, and selling drill bits, and plans to establish a PDC manufacturing and service facility in Kurgan, Russia.

Varel will coordinate manufacturing with NTS leading the sales and service. In addition, Varel will provide administrative and technology support from its Eastern Hemisphere locations.

Thomas Seeney of Varel has been appointed Varel CIS regional manager. He will be supported by senior staff members in Kurgan who are currently training at Varel’s Eastern Hemisphere base in Tarbes, France. The new facility will have the capacity to increase Varel’s total PDC drill bit production by approximately 20%.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...