Corportate News Headlines

• Since COR last did a full update on our webpage the Company has experienced extraordinary growth in both personnel and locations.

• The company is one of the primary Rental Tools companies in both the Far East and Middle East and, with the recent establishment of COR Ghana to compliment our long-established operation in South Africa, we believe that we are very well placed to become the leading Rental Tool Company in continental Africa.

• With the recent addition of an COR Ghana, COR have now fully operational bases in United Arab Emirates, Malaysia, Singapore, Qatar, Iran, South Africa and Australia.

• COR now control worldwide assets worth, at current market prices, well in excess of  US$ 250,000,000.00 (two hundred and fifty million US dollars)

• COR have diversified into non-core rental assets such as BOP equipment, Drilling Jars, Downhole Motors, Downhole Tools as well as really diverse items such as Construction Equipment (in support of an ongoing project in West Africa)

• Through an “Exclusive Arrangement” with VAM Drilling (formerly SMF International) COR continue to lead the market, in the Far East, in providing the proprietary “Series 2” Hydroclean downhole product.

• “COR believe that one of our main strengths is our flexibility and ability to support our clients in some less well supported markets and maintain our legendary high quality product and service irrespective of the market we are working in”.

• In addition to expanding our Rental Inventory range, COR have also developed in-house technology wherein we can now offer, to the Oil industry, custom-made products to support these less accessible markets via a one-stop shop arrangement.

• COR have also introduced video conferencing facility that is accessible by each COR base ensuring open and rapid communication between bases, reduction of human error factors and overall increase in efficiency.

• ISO 9001:2000 awarded to COR Singapore opertation: Quality is critical in our industry sector and in line with COR corporate policy the Singapore office maintains the highest quality standards throughout the entire rental process. ISO9001:2000 has been awarded to acknowledge we work to best practice at all times. A copy of the certificate can be downloaded here
• COR, as a group, have invested in the region of US$ 15 million in new oilfield equipment in the past 6-9 months which we feel proves our commitment to our customers and continue to provide the market with the highest quality products, and services.
• In addition to acquiring the highest technology equipment, to compliment our existing inventory, COR have also made a commitment to extend our "range" of products through an exclusive tie-up with SMF International to provide their latest version of Hydroclean Drillpipe & Heavyweight Drillpipe, which is deemed as a market leader in Hole Cleaning Services.
• We have diversified into new markets in the past 6-9 months (Malaysia, Qatar, Rumania etc.) and as highlighted in the Africa news section, we are continually looking at other markets where we feel that COR would be able to bring in a high quality product and service to enhance the local marketplace.
• COR sees further growth potential through acquisition of existing companies where we feel that they would compliment and add value to the COR group.
• COR also believe that we are well positioned to expand into the growing Eastern European market and our establishment of a local company in Rumania, coupled with growing relations with "partners' in countries such as Turkey etc show our belief in these markets.
• New Equipment arrived in Asia Pacific in past 6-months
  • 10,000ft 2.7/8" OD x 10.40ppf S135 Drill Pipe c/w Pac DSI Connections
  • 12,000ft 3.1/2" OD x 13.30ppf S135 Drill Pipe c/w GPDS38 Connections
  • 20,000ft 4" OD x 14.00ppf S135 Drill Pipe with XTF39 Connections
  • 12,000ft 5" OD x 19.50ppf S135 Drill Pipe with NC50 Connections
  • 5 Joints 5" OD Hydroclean Heviwate c/w NC50 DSTJ Connections
  • 29 Joints 5" OD Hydroclean Drill Pipe c/w NC50 DSTJ Connections
  • 80 Joints 5.1/2" OD Heviwate Drill Pipe c/w NKK DSTJ Connections
  • 35 Joints 3.1/2" OD Heviwate Drill Pipe c/w NKK DSTJ Connections
• New Equipment on order due into Asia Pacific in next 6-months
  • 15,000ft 4" OD x 14.00 S135 Drill Pipe with XTF39 Connections
  • 10,000ft 4" OD x 14.00 S135 Drill Pipe with XTF39 Connections
  • 60 Joints 4" OD Heviwate Drill Pipe c/w XTF39 Connections
  • 10,000ft 4" OD x 14.00 XD105 Drill Pipe c/w XTF39 Connections
  • 25,000ft 5.1/2" OD x 21.90ppf S135 Drill Pipe with NKK DSTJ Connections
  • 20,000ft 5.7/8" OD x 26.30ppf S135 Drill Pipe c/w XT57 Connections
  • 36 Joints 5.7/8" OD Heviwate Drill Pipe c/w XT57 Connections
  • 16,000ft 3.1/2" OD x 12.95ppf L80 Tubing c/w Hydril PH6 Connections
  • 10,000ft 4.1/2" OD x 15.50ppf L80 Tubing c/w Hydril PH6 Connections
  • 16,000ft 4.1/2" OD x 15.50ppf C-95 Tubing c/w Hydril 533 Connections
  • 61 Joints 5" OD Hydroclean Drill Pipe c/w NC50 DSTJ Connections
  • 06 Joints 5" OD Hydroclean Heviwate c/w NC50 DSTJ Connections