The contract for environmental logging in Australia's Northern Territory, will use Qteq's patented borehole magnetic resonance (BMR) technology to provide real-time accurate measurement of the aquifer.
The completed acquisitions of Surtech Systems and directional drilling and MWD company WellServ means Qteq clients now have access to industry-leading systems to collect accurate data on the composition and behaviour of subsurface rocks.
Stuart McCulloch, Qteq chief business development manager, said the acquisitions, which will be re-branded as Qteq Measurement Systems, had also saved 22 regional jobs. "These acquisitions will provide our customers with an integrated product offering for all geotechnical borehole logging requirements, especially in and around the groundwater and minerals market segment.
"As a result of these acquisitions, Qteq expects to revolutionise the georesources market by offering the most innovative subsurface services and technology in Australia."
Qteq's chief technology officer, Dr Tim Hopper, said the two acquisitions expanded the company's operational footprint and market adoption of BMR, spectroscopy and logging while drilling (LWD) services that are currently being developed. "We now have a platform for commercialising a range of new technologies in our R&D pipeline.
"In addition, it's an exciting time for our Australian employees who will have greater access to cross-product training courses and increased career development opportunities. Qteq has grown from 40 employees, since launching in August 2017, to more than 117 today."