Well-Centric to create ‘largest independent well integrity firm in UK’
- Business & Finance
UK-based well integrity solutions provider Well-Centric, a FrontRow Energy Technology Group company, has announced the acquisition of rival oilfield services provider Simmons Edeco Europe from its Canadian owner.
The deal will create the UK’s largest independent supplier of well integrity services, with operations in Aberdeen and Great Yarmouth in the UK, and in Esbjerg in Denmark, Well-Centric said on Wednesday.
Simmons Edeco Europe is a provider of wellhead maintenance work, both offshore and on land. Well-Centric has a complementary well integrity service offering, including proprietary technology. The combined entity will trade under a new name – Unity.
Unity will employ more than 120 members of staff, across three strategic locations, and plans to make several new appointments, as well as investments in all three facilities.
Commenting on the combination, Gary Smart, Unity CEO said: “Together we are a great fit, having expertise and experience with all types of wellhead equipment, regardless of the original manufacturer.”
Smart added: “Together we are also a stronger, more resilient market player, with a full-service capability and a growing technology portfolio. With Unity we now have a strong base from which to grow our business across Europe and beyond.”
Stuart Ferguson, CEO of Unity’s parent, FrontRow Energy Technology Group, said: “We are excited to see the formation of Unity as part of our group, working alongside ClearWELL, Pragma and Well-SENSE. All of our companies share a common purpose: to drive down costs for our customers by applying innovative technologies and ways of working.”