Caledus signs ME sales, service agreement

Caldeus has signed an agreement with Shoaibi Group of Saudi Arabia and Al Mazroui Trading and General Services of Abu Dhabi to deliver solutions to the Middle East drilling industry.

Offshore staff

ABERDEEN, UK -- Caldeus has signed an agreement with Shoaibi Group of Saudi Arabia and Al Mazroui Trading and General Services of Abu Dhabi to deliver solutions to the Middle East drilling industry.

Under the agreement, Shoaibi Group and Al Mazroui Trading and General Services will spearhead sales and service of Caledus's SlimWELL technology and TD SOLUTIONS business stream.

"Our strong record in identifying and promoting cutting edge technologies, and our expertise in the oil and gas drilling field, led us to Caledus," Khalid Al Shoaibi, director of Shoaibi Group.

"We immediately identified the potential of the Caledus range of products and strongly believe in the effective drilling solutions Caledus has to deliver to the Middle East drilling sector. We are delighted to have established a relationship which we believe will be beneficial for Shoaibi Group, Caledus and the industry as a whole."

10/27/2008

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