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


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...