Schlumberger Acquires Peak Well Systems

Schlumberger Acquires Peak Well Systems

Hinda Gharbi, president, Wireline, Schlumberger. “Bringing Peak technologies into our existing Production Services portfolio will give us the opportunity to offer our customers fully integrated well intervention solutions on electric line, mechanical slickline or digital slickline.” Nigel Avern, chief executive officer, Peak Well Systems, added,

“Schlumberger’s acquisition of Peak is extremely positive news for both companies and for the industry in general. We have been working closely with Schlumberger on several collaborations and initiatives during the past year and what has become clearly apparent is our compatibility. This is a natural fit for both companies and one which will ultimately benefit our customers.”
Peak Well Systems designs and manufactures advanced downhole tools that isolate, extend well life, restore well integrity and enhance well performance with SIM* retrievable bridge plugs and disruptive technologies such as the SIMULTRA* plug, which is a high performance retrievable bridge plug capable of providing HPHT and gas tight (ISO 14310:2008 – Grade V0) zonal isolation, even in sour gas conditions. Existing Peak customers will continue to have access to the full range of Peak’s well intervention products, and will now benefit from a wider distribution network and world-class service delivery platform offered by Schlumberger, in all global markets. Schlumberger acquired Peak from growth equity investor Summit Partners and the company’s founders and management team. Source / More on: Schlumberger Oil and Gas Press Oil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook ]]>

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