Paradigm wins cash to develop tools
Scottish firm Paradigm Drilling Services said yesterday it had secured £250,000 of funding through the Technology Strategy Board for its drilling tool solutions.
The Smart development-of-prototype grant will allow the expanding business to develop rotary traction systems for use in extended-reach horizontal drilling and in completion applications.
It will part-fund a project estimated to cost £760,000, involving the design, development, testing and evaluation of drilling and completion tractors.
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