Schlumberger Acquires Reslink
29 Novembro 2006 - 3:55PM
Business Wire
Schlumberger announced today that it has signed an agreement to
acquire Reslink, the Norwegian-based leading supplier of advanced
completion solutions which offers a broad spectrum of engineering
applications and products for sand management, zonal isolation, and
intelligent well completions. With engineering and manufacturing
centers in �lg�rd, Norway and Houston, Texas, Reslink A.S.
specializes in the development of wire-wrapped sand screens for
sandface completions and in-flow control devices.�Since its
formation 10 years ago, Reslink has focused on designing and
building robust and reliable smart-well solutions for advanced well
completion and production optimization challenges for the global
oil and gas industry. �I am excited about the synergies between the
two companies,� said Ole Sveinung Kvernstuen, founder and CEO of
Reslink. �Our customers and employees can look forward to
benefiting from the broad geographic footprint as well as first
class operational support worldwide that comes from being part of
Schlumberger.� �We have enjoyed a long-standing partnership with
Reslink since 2000,� said Patrick Schorn, president and general
manager of Schlumberger Completion Systems. �Their track record for
reliability and field performance is a real advantage. The addition
of Reslink�s product portfolio, product development team and
production capabilities will strengthen our ability to offer
advanced open-hole completion solutions and enhance our services in
the sand management business.� The acquisition is expected to close
before year-end 2006. About Schlumberger Schlumberger is the
world�s leading oilfield services company supplying technology,
information solutions and integrated project management that
optimize reservoir performance for customers working in the oil and
gas industry. The company employs more than 66,000 people of over
140 nationalities working in more than 80 countries. Schlumberger
supplies a wide range of products and services from seismic
acquisition and processing; formation evaluation; well testing and
directional drilling to well cementing and stimulation; artificial
lift and well completions; and consulting, software and information
management. In 2005, Schlumberger operating revenue was $14.31
billion. For more information, visit www.SLB.com. Schlumberger
announced today that it has signed an agreement to acquire Reslink,
the Norwegian-based leading supplier of advanced completion
solutions which offers a broad spectrum of engineering applications
and products for sand management, zonal isolation, and intelligent
well completions. With engineering and manufacturing centers in
Algard, Norway and Houston, Texas, Reslink A.S. specializes in the
development of wire-wrapped sand screens for sandface completions
and in-flow control devices. Since its formation 10 years ago,
Reslink has focused on designing and building robust and reliable
smart-well solutions for advanced well completion and production
optimization challenges for the global oil and gas industry. "I am
excited about the synergies between the two companies," said Ole
Sveinung Kvernstuen, founder and CEO of Reslink. "Our customers and
employees can look forward to benefiting from the broad geographic
footprint as well as first class operational support worldwide that
comes from being part of Schlumberger." "We have enjoyed a
long-standing partnership with Reslink since 2000," said Patrick
Schorn, president and general manager of Schlumberger Completion
Systems. "Their track record for reliability and field performance
is a real advantage. The addition of Reslink's product portfolio,
product development team and production capabilities will
strengthen our ability to offer advanced open-hole completion
solutions and enhance our services in the sand management
business." The acquisition is expected to close before year-end
2006. About Schlumberger Schlumberger is the world's leading
oilfield services company supplying technology, information
solutions and integrated project management that optimize reservoir
performance for customers working in the oil and gas industry. The
company employs more than 66,000 people of over 140 nationalities
working in more than 80 countries. Schlumberger supplies a wide
range of products and services from seismic acquisition and
processing; formation evaluation; well testing and directional
drilling to well cementing and stimulation; artificial lift and
well completions; and consulting, software and information
management. In 2005, Schlumberger operating revenue was $14.31
billion. For more information, visit www.SLB.com.
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