Schlumberger Adds Peak Well Systems

Schlumberger has acquired Peak Well Systems (Peak), a specialist in the design and development of advanced downhole tools for flow control, well intervention and well integrity.

The addition of Peak’s mechanical and remedial solutions for cased-hole well intervention should, according to Schlumberger, strengthen its Production Services portfolio with a broader offering of mechanical services to its global customers.

“In the past few years, Peak has developed a portfolio of flow control technologies that are recognized as some of the leading products in the industry largely due to their simplicity, performance, reliability and ease of retrievability,” said 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.”

Existing Peak customers will continue to have access to the full range of Peak’s well intervention products, and should now have a wider distribution network offered by Schlumberger.

Schlumberger acquired Peak from growth equity investor Summit Partners and the company’s founders and management team.

Share this article

Follow Subsea World News

Events>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

European Gas Conference 2018

The European Gas Conference celebrated its tenth anniversary amid an air of increasing optimism following considerably shifting markets in the last few years…

read more >

Future Energy Asia Exhibition & Conference (FEA) 2018

The transformation and development of Thailand is a major priority for the government which creates incredible business opportunities…

read more >

The World Future Energy Summit (WFES) 2018

WFES will also hold its annual conference, which sees international government and business experts come together to discuss critical global…

read more >

HYPACK 2018

This training event will offer instruction on the newest features of HYPACK® 2018 as well as comprehensive training for both novice…

read more >