The Houston-based well data analysis firm Paradigm has enjoyed rapid success in the Indian market and has seen its staff size and client base expand substantially in the past five years.
Along with other representatives of the Texan oil and gas industry, including Schlumberger, Transocean, Baker Hughes and Halliburton, Paradigm is picking up a healthy stream of new contracts from India's Oil and Natural Gas Corp (ONGC).
The Houston Chronicle has reported that Boots & Coots International Well Control has also benefitted from a presence in the country's oil and gas industry, which is continuing to grow despite global economic pressures.
Boots & Coots has just announced a new training and development contract that will train Indian workers to handle inspection and control blowouts on ONGC rigs.
Commenting on the importance of this new market, Pradeep Anand, head of Houston-based consulting firm Seeta Resources, told the paper: "North American exploration and production expenditure is estimated to decline more than 30 per cent, so a larger proportion of revenues for oil field service companies will come from national oil companies such as ONGC in India."
The ONGC has also recently signed an agreement with Weatherford to develop the country's maturing fields.
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