UK well construction cementing firm changes hands
UK-headquartered energy services provider Expro is acquiring compatriot well construction cementing firm DeltaTek Global in order to broaden its offering, capabilities and technology portfolio.
According to Expro’s Chief Technology Officer Steve Russell, the acquisition will expand Expro’s well construction cementing capabilities through DeltaTek’s open-water cementing systems and techniques.
“This is an exciting transaction for Expro that we believe will deliver real value to our combined customer base. The DeltaTek range of low-risk open water cementing solutions increases clients’ operational efficiency, delivers rig time and cost savings, and improves the quality of cementing operations for our clients,” Russell said.
DeltaTek, based in Aberdeen, is focused on developing and deploying cementing technologies to the offshore market and has operations across the UK, Norway, the Gulf of Mexico, West Africa and Asia Pacific.
“The team and I are delighted to announce this milestone for DeltaTek. To join Expro, a leader in the industry, is a monumental moment for the company, our existing clients, and the wider industry as we continue to innovate and grow the Cure and ArticuLock portfolios to directly address well construction challenges,” said Tristam Horn, CEO and founder of DeltaTek.
“With Expro’s global footprint and strong customer base, we expect to deliver our technology to all operators across the entire well construction market through existing Expro channels, simplifying the global adoption of our value-adding services for our customers.”
From the most recent company-related news, it is worth noting that in the fourth quarter of 2022, Expro completed the plug and abandonment (P&A) of Ireland’s first indigenous gas wells.
The company provided integrated subsea and well test services over a period of eight months to intervene, plug and abandon subsea wells from a mobile offshore drilling unit located in the Celtic Sea.