Oil Patch Bits: Schlumberger acquires Extreme Engineering - July 13, 2008

Providing coverage of Alaska and northern Canada's oil and gas industryJuly 2008

Vol. 13, No. 28

Week of July 13, 2008

Oil Patch Bits: Schlumberger acquires Extreme Engineering

Schlumberger said June 24 that it has acquired “the business of” Extreme Engineering Ltd., a Calgary-based supplier of unmanned measurement-while-drilling (MWD) systems from its founders and investors that include Shell Technology Ventures Fund 1 BV. Schlumberger executive Jean-Francois Poupeau said the “combination of Extreme XPulse and XEM technologies with Schlumberger PowerDrive rotary-steerable drilling systems will provide operators in North America and Canada with advanced technologies that can bring heightened efficiency to land operations where improved well performance must be enabled by cost-effective services.”

He said during 2009 the company’s geographical focus “will widen to expand deployment of Extreme (Engineering) technologies to regions outside North America.”

For more information visit www.SLB.com.

Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- http://www.petroleumnews.com ---
S U B S C R I B E

Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.