Midad Upstream Division conducts its business through joint ventures and representation agreements with global leaders.
Such partnership includes service companies and manufacturing facilities to supply required services and material to Oil & Gas operations. We manage our portfolio of companies and Principals with a professional team dedicated to access and evaluate any new opportunities or promote new technologies, manufacturing products or providing the services to our customers. We are also focusing on product development & manufacturing process, all to enhance our business and relations with current and prospective partners.
Midad Upstream has a clear objective to provide our upstream clients with top of class services, products and technology that will enhance their drilling operation, increase production rate and cut cost by provide latest enabling technologies. We are currently supplying a number of newly proven technologies.
A good example of such technology deployment is our rig-less Electrical Submersible Pump system (cable-deployed system).
Another example is where, along with our principal, we successfully managed to assist in deploying very long liners and completion systems in horizontal extended reach wells using a tool that is significantly reducing drag and torque.
In terms of more innovative technology deployment another example involves using one of the most effective chemical cleaning systems (SpacerTek) where the production rates of Oil Wells treated with this system have increased by at least 50%.
