Portfolio Update: AKOS Energy

AKOS Energy has invoiced for the company's first offshore job.  The customer’s well is located roughly 25 miles off the coast of The Netherlands in the North Sea, and the job utilized AKOS' proprietary, all-electric, flow-through multilateral navigation tool. The well design included two laterals that each branched off the main bore. AKOS has done work on several onshore wells, but this is the first time that the tool has been used in an offshore application. Achieving this important milestone positions the company to pursue additional high-margin jobs in the global offshore market.