Dril-Quip to establish HPHT research facility in Singapore

HOUSTON -- Dril-Quip is establishing a research and development (R&D) facility in Singapore focusing on materials and products suitable for HPHT applications.

The new facility, which is expected to open in 2017, will serve as an additional hub for R&D activities for the company. The capital investment in this facility is expected to be approximately $15 million.

"Dril-Quip already has a significant presence in Singapore and this R&D facility will allow us to leverage that presence and take advantage of Singapore's exceptional workforce," said Blake DeBerry, president and CEO. "This facility will further enhance our product development capabilities and continue Dril-Quip's tradition of technology leadership."  

"Despite the challenging macroeconomic environment, we are delighted to have Dril-Quip establish its new R&D center here, which will be the Company's first R&D center outside the Americas,” Lim Kok Kiang, assistant managing director, Singapore Economic Development Board, said.