BlueFire Equipment Corporation announced it is has shipped a customized version of its highly engineered polycrystalline diamond cutter (PDC) drill bit to an international client. BlueFire's ability to provide customization as well as cost savings has ushered in new opportunities for expansion. As previously announced, BlueFire is currently in talks with Russian oilfield equipment distributors regarding the company's products.

Blackwell said the use of more advanced technologies will assist Russia to access untapped reserves and will result in increased output from existing fields.