IRE was established in the mid 90’s as privately-owned business. Back then, our main business was stocking, trading and refurbishing surplus oilfield drilling equipment. While our first office was based in Aberdeen, Scotland, focus quickly moved onto the international market where our operations expanded to the US, Middle East and Asia.
In 2006, we moved our offices to the United Arab Emirates (UAE) which meant we could service our international clients more effectively while continuing to retain strong ties with our various suppliers in the US and Asia. It also presented us an opportunity to develop exclusive agency agreements with several North American manufacturers for the Middle East and North African markets.
As this side of our business continued to grow, we started to focus heavily on driving innovation through new technology within the oil and gas industry. This included working more closely with our client’s operational teams to address the challenges they faced in the field and then collaborating with our vendors to develop products that would solve these issues. In order to segregate both parts of our business, we launched a new Dubai company in 2012 called IR&E Trading LLC and set up a new facility in Dubai Investment Park.
Despite working through the worst industry downturn in living memory, IR&E Trading LLC continued to expand our product range and our client base has grown to include international companies such as Weatherford, Schlumberger, Baker Hughes, Halliburton, Noble, Nabors, Rowan, Ensco, Seadrill, Trinidad, Precision, KCA plus many more.
Today, through our new facility in Dubai’s Jebel Ali Freezone, which was established in 2018, we not only stock and distribute equipment, we offer high level extended after-sales service via a team of equipment experts. We also plan to commence manufacturing services in this facility in 2019.