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Vol. 14, No. 4 Week of January 25, 2009
Providing coverage of Alaska and northern Canada's oil and gas industry

Arctic Directory: Schlumberger acquires Calgary’s Extreme Engineering

Schlumberger said in June that it has acquired “the business of” Extreme Engineering Ltd., a Calgary-based supplier of unmanned measurement-while-drilling, or 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.”

Extreme Engineering will continue to operate under its own brand and maintain its major operational bases in Alberta, Colorado and Texas.

He said that 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.



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