Oil Patch Bits: ASRC acquires major share of Petrochem Insulation

ASRC Energy Services, a subsidiary of Arctic Slope Regional Corp., said Aug. 13 that it was expanding its business services by acquiring a major share of Petrochem, one of the largest providers of insulation and multicraft services in the U.S.

“This new line of business increases our opportunities outside of Alaska, and enhances the services we provide to our customers,” said ASRC Energy Services President Mark Nelson. “We are proud of Petrochem’s exceptional safety record, and welcome its 1,000 employees to the ASRC family of companies.”

ASRC Energy Services performs an array of oilfield engineering, operations, maintenance, construction, fabrication, regulatory and permitting, and other services for some of the world’s largest oil and gas companies.