Stockholm Precision Tools AB (SPT) Revenue and Competitors

Stockholm Precision Tools, for over 20 years has been recognized as a worldwide leader, trusted partner and supplier of state-of-the-art True North Seeking Gyros Systems, used across the global oil and gas, mining and civil engineering sector within the most challenging and harshest downhole conditions. Providing pinpoint accuracy on measurements, SPT Gyro tools are absolutely unaffected by the presence of heavy downhole magnetic interference, delivering optimal performance and measurements. SPT's tools help our partners reduce cost, increase safety, enhance ROP, reduce survey times and provides our clients with the absolute knowledge and confidence that they are getting the most accurate wellbore survey measurements on the market. In today's competitive oil and gas, mining and civil engineering sector, with the drilling and placement of wells becoming ever more complex and downhole conditions ever more extreme, wellbore accuracy has become vital to the drilling teams, service companies, and the field operators. Any deviation or slightest variation in wellbore placement could result in costly downtime, well damage and could end up costing the asset owner millions of dollars in lost revenues. Pin-Point well placement increases environmental/operational safety and is key in terms of financial returns for the asset owners. The advanced technology employed in the SPT North Seeking Gyro System is specifically designed to function at full capacity even in the harshest high-temperature wells, ensuring that drilling teams and asset owners have the confidence in knowing precisely where their hole is placed, regardless of downhole conditions and magnetic interference.