EV World's First Downhole Video Technology Centre
UK-based downhole video technology specialist EV has opened a new technology center to house its research and development, which the company is expected to invest nearly £2million into over the next year.
EV, the market leader in downhole video applications for the oil and gas industry, opened the new center at its base in Norwich. It represents a world first in a center completely dedicated to downhole video, and will facilitate all of the company’s ongoing research and development. EV plans to invest £1.8million in R&D in the next year, with several product launches scheduled for 2014.
Francis Neill, EV chief executive, said: “The opening of this new technology center is a great step for EV. We are the market leader in downhole video technology and have grown by a factor of 20 in the last four years. This new center puts us in good standing to continue our focus on research and development, and we have a number of new products that we look forward to introducing to the market this year.”
Features of the new 23,000 square-foot facility include warehouse space and a state-of-the-art lab featuring the ability to test camera technology to 175°C and 20,000psi. Thirty members of staff work from the center.
Mr Neill continued: “Not only will the technology center greatly benefit our existing customers, but it places us in good standing for further geographical expansion, as we continue to grow in our established markets and enter new markets with clients requesting our services based on technology and outstanding service quality.”
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