UK-based downhole video technology specialist EV has opened a new technology centre to house its research and development, which the company is expected to invest nearly £2million into over the next year.
EV, the market leader in downhole video applications for the oil and gas industry, opened the new centre at its base in Norwich. It represents a world first in a centre completely dedicated to downhole video, and will facilitate all of the company’s ongoing research and development. EV plans to invest £1.8million in R&D in the next year, with several product launches scheduled for 2014.
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EV Offshore Ltd
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