United Drilling Tools Limited (UDTL), a renowned manufacturer of oil drilling equipment based in Noida, Uttar Pradesh, India, has announced that it has been awarded an overseas order valued at INR 16.14 million by Cactus for Oil Services, a prominent engineering solutions provider in the Oil & Gas industry in Libya. This strategic order strengthens UDTL’s global presence and reinforces its position in the international oil and gas equipment sector.

Details of the Order:

The awarded order pertains to the supply of Injection Pressure Operation Gas Lift Valves and Side Pocket Mandrels, which are essential components for artificial lift systems used in oil wells. These specialized components will be delivered over a three-month period, marking another milestone in UDTL’s journey toward expanding its footprint in the overseas market.

The order reflects Cactus for Oil Services’ trust and confidence in UDTL’s advanced technology and high-quality equipment. As part of this order, UDTL will be supplying Injection Pressure Operation Gas Lift Valves, which help optimize oil production in wells by injecting gas into the wellbore to maintain production efficiency, and Side Pocket Mandrels, which provide flexibility for well intervention and gas lift operations.

Strategic Significance of the Order:

This order represents a significant step forward in UDTL’s strategy to penetrate global markets, particularly in regions like the Middle East and Africa, where demand for high-performance oilfield equipment is growing. By supplying critical components for artificial lift systems, UDTL is not only expanding its geographical reach but also enhancing its reputation as a trusted supplier of advanced oilfield solutions.

The order reinforces UDTL’s commitment to meeting the diverse and evolving needs of its international clientele by providing cutting-edge technologies and maintaining high-quality standards in all its products. UDTL continues to demonstrate its expertise in delivering reliable and innovative equipment to support complex oil and gas operations globally.

Comment from Management:

Commenting on the latest development, Shri Manoj Kumar Arora, Chief Financial Officer of United Drilling Tools Limited, expressed his optimism, stating:

“The selection of our products by Cactus for Oil Services underscores the industry's strong confidence in UDTL’s high-quality equipment. We are optimistic about the opportunities ahead and look forward to significantly expanding our business in overseas markets.”

This positive outlook highlights UDTL’s strategy to continuously explore international opportunities and strengthen its foothold in emerging markets.

About United Drilling Tools Limited (UDTL):

Established in 1985, United Drilling Tools Limited (UDTL) is a leading manufacturer of oilfield equipment with a focus on delivering innovative and cost-effective solutions. Based in Noida, Uttar Pradesh, India, UDTL specializes in manufacturing:

• Large OD Casing Pipes with Connectors

• Wireline and Well Service Equipment

• Gas Lift Equipment

• Downhole Tools

All UDTL equipment is designed and manufactured in compliance with international standards such as ISO and API standards, ensuring reliability and efficiency in demanding operational environments. Over the years, UDTL has earned a reputation for providing field-proven designs that meet the exacting requirements of the global oil and gas industry.

Global Reach and Intellectual Property:

UDTL has a strong intellectual property portfolio, with:

• 32 Registered Trademarks (24 in India and 8 in other countries)

• 14 Design Patents (9 in India and 5 in the UK)

• 8 Patents Granted in India with several applications under process in India and abroad.

This extensive IP portfolio positions UDTL as a technologically advanced player in the oilfield equipment sector.

Commitment to Innovation and Excellence:

UDTL remains committed to continuous innovation and improvement, ensuring that its products and services align with the evolving needs of the oil and gas sector. The company focuses on developing advanced technologies and delivering world-class products that exceed customer expectations. By leveraging its expertise in design, manufacturing, and quality assurance, UDTL is able to offer competitive pricing while maintaining superior quality standards.

Future Prospects and Growth Strategy:

UDTL’s vision is to expand its global footprint by catering to international markets with its innovative product range. The company is actively exploring opportunities in Asia, the Middle East, Africa, and beyond. The successful execution of this order from Cactus for Oil Services is expected to open doors for further business growth and strengthen UDTL’s position in the global oil and gas equipment market.

UDTL’s ability to deliver tailor-made solutions that meet stringent international standards has been a key driver of its international success. The company remains focused on enhancing customer satisfaction and expanding its global customer base by providing high-quality products and reliable services.

Disclaimer:

This press release contains forward-looking statements that are subject to inherent risks and uncertainties. These statements are based on current expectations and assumptions and may differ materially from actual results due to a variety of factors, including but not limited to changes in government policies, local political developments, economic fluctuations, and technological advancements.

Conclusion:

The award of this order from Cactus for Oil Services is a testament to United Drilling Tools Limited’s expertise, reliability, and commitment to delivering top-tier products to its global customers. With its focus on innovation and quality, UDTL is well-positioned to further strengthen its presence in the international oil and gas market and drive sustained growth in the years to come.

The Current active IPO are Aten Papers & Foam Limited, Infonative Solutions Limited,Spinaroo Commercial Limited,Retaggio Industries Limited.

The Closed IPOs are  Identixweb Limited, ATC Energies System Limited, Shri Ahimsa Naturals Limited.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in .Choice Broking FinX

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.