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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

US Navy Tests Latest Aegis Weapon System

The U.S. Navy conducted a series of cooperative air defense test exercises with the Spanish navy that culminated in live missile firing events using the latest Aegis Weapon System baseline July 20-21.

Antwerp Port CEO Scoops Baron Title

After 25 years as CEO of Antwerp Port Authority, Eddy Bruyninckx has been raised to the nobility by H.M. the king of Belgium with the rank of baron. In Belgium

SENER Presents Two FORAN Papers at the Morintekh

In June, the SENER engineering and technology group participated in the 17th Morintekh – Praktik 2016 Scientific Conference, in the city of St. Petersburg, Russia.

Contracts

Team Britannia, GAC Inks Partnership Deal

As Team Britannia prepares for its bid to break the round-the-world powerboat record later this year, GAC has been named their official shipping and logistics partner.

Libya's PFG to Lift Terminal Blockades

Petroleum Facilities Guard has blocked terminals for months. Ras Lanuf, Es Sider terminals damaged by fighting. Libya's Petroleum Facilities Guard (PFG) will

Unipec: U.S. ANS Destined for Sinopec

Arbitrage opens after ANS discount widen on ample supplies. Unipec, the trading arm of top Asian refiner Sinopec, has bought two U.S. crude cargoes, including

Offshore

Migrants Survivors Tell of Struggle at Sea

The bodies of 21 women and one man were brought ashore to Sicily on Friday as fellow migrants described scenes of panic and violence when water poured into their dinghy.

Three Keppel Dredgers for Jan De Nul

Keppel Offshore & Marine Ltd (Keppel O&M)'s wholly owned subsidiary Keppel Singmarine Pte Ltd (Keppel Singmarine) has secured contracts from Jan De Nul Group to

Seacat Services Sends Freedom to Race Bank

Seacat Freedom, the latest addition to Seacat Services’ 12-strong fleet, has been dispatched to DONG Energy’s Race Bank offshore wind project following the boat’s

Energy

Ithaca’s FPF-1 platform to be moved to Stella field

Ithaca Energy Inc. reports that the "FPF-1" floating production facility has completed the required inclination test as planned and departed the Remontowa shipyard in Gdansk, Poland.

Libya's PFG to Lift Terminal Blockades

Petroleum Facilities Guard has blocked terminals for months. Ras Lanuf, Es Sider terminals damaged by fighting. Libya's Petroleum Facilities Guard (PFG) will

Unipec: U.S. ANS Destined for Sinopec

Arbitrage opens after ANS discount widen on ample supplies. Unipec, the trading arm of top Asian refiner Sinopec, has bought two U.S. crude cargoes, including

Mergers & Acquisitions

G6 Updates Asia-North America West Coast Service

Two services will be merged into one until further notice / Reason is change in market demand / All other services remain unchanged. Members of the G6 Alliance

RINA Closes Edif Group Acquisition

RINA S.p.A, the holding company of the multinational testing, inspection, certification and consulting engineering group based in Genoa, Italy, has announced that

Royal IHC, NETICS Join Forces

Royal IHC has entered into a partnership with NETICS, a civil engineering and consultancy agency. A leading global player in engineering with dredged sediments,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Port Authority Salvage Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | 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: 0.1540 sec (6 req/sec)