Reservoir Group Adds Companies and Services

press release
Monday, December 12, 2011
Pascal Bartette, chief executive officer of Reservoir Group.

Reservoir Group has strengthened its portfolio of completion and production services with the announcement that two well intervention specialists have joined the ‘club’.

 

The Tool Company, located in Assen, The Netherlands and the Aberdeen-based firm, Wellbore Intervention bring their expertise in coiled tubing well intervention to the portfolio of activities currently on offer from Reservoir Group.

 

Both companies provide a variety of well intervention services to the oil and gas industry across the UK and continental Europe. Reservoir Group’s backing, accompanied by synergies with other group members, will present each company with the opportunity to swiftly expand their geographic footprint and product range. Pascal Bartette, chief executive officer of Reservoir Group, said: “We are delighted to welcome these new businesses to our club. Both The Tool Company and Wellbore Intervention have ideal profiles to become members of our group.

 

“Each company has demonstrated technical abilities and a service culture that perfectly matches our vision as well as our values. We are confident that both companies’ existing management will use the backing that Reservoir Group offers to accelerate their business expansion, while maintaining focus and quality of service.

 

“Adding well intervention services to our current capability will help in our aim to build a global group of specialist reservoir businesses.” Jim Thomson, chief executive officer of Wellbore Intervention, said: “Wellbore Intervention was founded by experienced coiled tubing professionals with a vision to provide the highest quality service delivery in the industry. We are proud of our reputation and performance given that we are a relatively young business, but there are challenges for early stage companies that can hinder the swift realisation of ambition.

 

“Joining Reservoir Group will allow us to accelerate the pace of growth for the benefit of all our stakeholders, while retaining the focus on quality of service. I am delighted to announce this development in the evolution of Wellbore Intervention.”

 

Chief executive officer of The Tool Company, Joost Mellies, said: “Over our 10 years as an independent business, we have built a solid client base and gained industry recognition as specialists in our field. The most important aspect for us in joining the Reservoir ‘club’ is that we can retain our specialist focus while also preserving the flexibility and speed of response to customers’ needs. Reservoir Group will assist us in expanding our range of services to the benefit of current and future clients. Increasing The Tool Company’s capabilities has been a long-standing ambition and we are glad that Reservoir Group will assist us in achieving that.”

 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

US Navy: Future USS John Finn (DDG 113) Launched

The future USS John Finn (DDG 113) was launched at the Huntington Ingalls Industries (HII) shipyard March 28.  During launch the drydock was flooded allowing the

WISTA AGM to Address Emerging Shipping Challenges

WISTA USA (Women’s International Shipping and Trading Association) is putting the final touches on a high-profile speaker line-up that will headline its upcoming

WOW at USMMA

The United States Merchant Marine Academy Hosts 7th Annual Women on the Water Conference. Last week, The United States Merchant Marine Academy (USMMA) in conjunction with the U.

Contracts

U.S. Oil Train Traffic mostly from Midwest to East Coast

U.S. oil trains delivered more than 13.5 million barrels of crude oil from the Midwest to the East Coast in January, according to government data that gives a first

Maersk to Install Transas ECDIS on 100 Vessels

Maersk Line, the world's largest container company, has selected Transas Marine for ECDIS implementation on more than 100 vessels, Transas announced today. The

Baltic Sea Freight Index Edges Higher

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Monday as rates rose for vessels across all segments.

Offshore

Keppel FELS Delivers 11th Jackup to Mexico

Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered a KFELS B Class jackup rig to Mexican national oil company,

North Sea Oil: Harkand wins Maersk Oil North Sea Deal

Harkand won a multi-million contract with Maersk Oil North Sea Ltd for the provision of DSV services in the North Sea region. The 12-month contract will be serviced by Harkand’s two DSVs,

China's Air Drills Roil South China Sea Waters

China's air force conducted its first drill above the western Pacific Ocean on Monday, the Defence Ministry said, in a move that could exacerbate tensions with

Energy

Methanol Powered Ferry Launched in Baltic Sea

Swedish ferry operator Stena Line has announced that it has converted the Stena Germanica to run on methanol, an industry first.   The company spent $24 million on converting the ship to methanol.

U.S. Oil Train Traffic mostly from Midwest to East Coast

U.S. oil trains delivered more than 13.5 million barrels of crude oil from the Midwest to the East Coast in January, according to government data that gives a first

Rotterdam Gate LNG Terminal Expansion Started

Dutch gas network operator Gasunie and tank storage service provider Vopak said on Monday that the expansion of their Gate liquefied natural gas (LNG) terminal in Rotterdam has begun.

Mergers & Acquisitions

CSIC, CSSC Dismiss Shipbuilder Merger Rumors

China's state-backed shipbuilding giants said they have not received any merger-related information from authorities, after an executive swap between the firms sparked a market rally in their shares.

Swire Pacific Offshore Acquires 2 Newbuildings

Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming of two new vessels, Pacific Centurion, an Anchor Handling Tug Supply (AHTS) vessel,

Golden Ocean and Knightsbridge Complete Merger

The merger between Knightsbridge Shipping Limited and Golden Ocean Group Limited was approved today at special meetings of both companies' shareholders.      The new company,

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3619 sec (3 req/sec)