United Drilling Tools Strikes Gold with ₹9.35 Lakh Export Deal in Venezuela

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United Drilling Tools has received a significant export order from Venezuela’s Union Venezuela Servicios valued at ₹9.35 lakh for gas lift valves to be supplied within two months, marking an important step in expanding its international business presence and reinforcing its global market ambitions.

United Drilling Tools Ltd has announced the receipt of an export order from Venezuela-based entity Union Venezuela Servicios, C.A., valued at ₹9,34,500. This commercial contract involves the supply of gas lift valves, a critical component in oil drilling operations, and is slated for execution within two months. The order represents a strategic milestone for the company as it strengthens its footprint in international markets.

Key highlights from the announcement include:

The export order is awarded by an international client, distinct from any domestic transactions, indicating United Drilling Tools’ growing global reach.

Contract value stands at ₹9,34,500, reflecting a targeted, yet impactful entry into the Venezuelan oil and gas market.

The ordered items—gas lift valves—are essential in optimizing oil well production, underscoring the company’s role in delivering specialized, high-quality drilling equipment.

Execution timeline of two months suggests a swift and efficient delivery schedule aligned with client requirements.

There are no related party interests linked to the awarding entity, emphasizing the contract’s arm’s length nature and transparency.

United Drilling Tools is well-known for its precision engineering and high standards conforming to international quality certifications. This order complements its recent foray into global markets, following a prior significant export contract from Brazil, and signals confidence in the company’s capability to meet demanding overseas client expectations.

By expanding beyond domestic borders, United Drilling Tools is poised to capture more opportunities in the global oil drilling equipment space, leveraging its advanced manufacturing facilities and ISO-certified processes. This development aligns with the company’s broader strategic initiatives to enhance its export portfolio and diversify revenue streams internationally.

Investors and stakeholders will be closely monitoring the execution and potential follow-on contracts as United Drilling Tools continues to solidify its position on the international stage.

Sources:United Drilling Tools Ltd NSE Filing, Business Standard, Equity Bulls