Phuel Oil Tools establishes operational base in US

Aberdeen-based Phuel Oil Tools has invested $500,000 (£311,920) in a new operational base in Broussard, Louisiana, US, to help the company meet growing demand for its Wireline pressure control products in the well services market.

The facility provides 5,200ft2 of warehouse and office space. It is currently being stocked from Phuel Oil Tools’ workshop in Aberdeen.

However, the company, which received a £1,000,000 loan from the Scottish Loan Fund in 2011, envisions the premises becoming a standalone operation where its products can be sourced, manufactured and supplied to its US client base from the US.