BentAuthor: RICHARD HEMMINGDate: 12/04/2011The Coretrack chief...

Bent

Author: RICHARD HEMMING
Date: 12/04/2011

The Coretrack chief executive, Nanne van 't Riet, thinks his fortunes will improve with a company that he says is finally making the transition from research and development into the commercial world.

It is less than a month away from securing its first "big contract" in drilling services, he says.

The contract would be for its GT3000 drill rig, which combines the attributes of the big-platform petroleum rigs and reverse circulation mineral rigs. Coretrack has built one of these so far, but intends to roll out six a year to account for the "massive shortage of rigs".


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