Coil Tubing Technology, Inc. (OTC: CTBG)
Coil Tubing Technology, Inc. (OTC: CTBG) is an Oilfield Services firm that has specialized in the design of proprietary tools for the coil tubing industry.
The oil industry continues to meet more stringent EPA guidelines in the disposal of oilfield waste.
A major area of concern is NORM (Normal Occurring Radioactive Materials) contaminated tubulars, for which the EPA has established cleanup requirements. CTBG is developing a complete downhole cleaning system solution that permits NORM to be removed from the Coiled Tubing while downhole, permitting NORM to be left in the well where generated.
This proprietary system will position Coil Tubing as the leader in the Oilfield Environmental business.
To maximize service worldwide, Coil Tubing has associated with the German company Hammelmann (a major provider of high pressure pumping systems used in the CTBG NORM removal systems).
The Companies have joined forces to advance the Coil Tubing Solution in the marketplace utilizing Hammelmann’s extensive distribution network worldwide.
http://www.coiltubingtechnology.com/index-2.html
At the recent Offshore Technology Conference held in Houston, CTBG was among over 2,000 companies from 33 countries in attendance.
The trade show provided Coil Tubing with the opportunity to showcase its proprietary lines of downhole cleaning nozzles and drilling systems to perhaps the broadest audience of any conference this year.
CTBG and Hammelmann Corp. of Dayton, OH presented their combined line of tools at booth #4663.
http://biz.yahoo.com/iw/060518/0129429.html
CBTG is following a solid business strategy in leveraging the worldwide distribution network of Hammelmann.
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