Houston, Texas – 13 May 2017 – The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters.
The attendance clearly suffered as a result of current market conditions with about 65,000 people walking through the halls of NRG Park, down from 68,000 in 2016 and the record 108,000 posted in 2014, when oil prices were well over $100 per barrel.
Among the exhibitors looking to spark new business opportunities with those who did attend is Signum Instruments, a new wireline equipment manufacturing company located in Houston, Texas, specializing in the production of slim 2-1/4” open hole tools with conveyance technology enabling deployment in multiple applications. “Despite the depressed attendance we still have had many quality conversations with potential customers and are seeing a lot of excitement surrounding the availability of our slim open hole technology.” said Randy Conley, Global Business Development Manager for Signum Instruments.
With unconventional wells, already the norm in North America, and gaining popularity in international basins, combined with the shift from geometrical to engineered completions, Signum Instruments is expecting to capitalize big as oil and gas companies demand the needed open hole log data to optimize production. Signum Instruments is offering a slim versatile solution to acquiring log data that saves time and minimizes risk as compared to current methods with standard size wireline tools.
To find more information about Signum Instruments, their new website can be accessed at www.signuminstruments.com.