Market Expansion Concentric Pipe & Tool Rentals has recently expanded its services into South America, specifically in Macae' Brazil, presenting new cross-border sales opportunities for equipment and support services in emerging oil and gas markets.
Industry Focus Specializing in critical well intervention services and equipment rentals for completion, recompletion, coil tubing, and plugging and abandonment, the company offers targeted solutions to oil and gas operators, enabling potential upselling and contract renewal prospects.
Technological Edge Utilizing modern tech stacks such as Microsoft Azure, Google Analytics, and ASP.NET positions Concentric as a digitally advanced service provider, opening avenues for offering integrated digital solutions, IoT-enabled equipment, or data management services.
Regional Presence With multiple service locations in Louisiana serving the Gulf of Mexico, there are substantial opportunities to deepen relationships with regional operators and leverage local expertise to cross-sell related equipment and maintenance services.
Financial Potential Operating within a revenue range of 50 to 100 million dollars, Concentric presents a sizable market segment for growth-driven vendors seeking to establish or expand their presence within the oilfield support equipment sector through tailored sales strategies.