Mergers and Acquisitions: News for Oil & Gas and Hydrocarbon Industries  Membership Services
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

Aker Acquires Managed Pressure Drilling Specialist MPO

Source: www.gulfoilandgas.com 2/27/2013, Location: Europe

Share |

Aker Solutions has acquired Managed Pressure Operations International, Ltd. (MPO), a company that has successfully developed the next generation of continuous circulation, riser gas handling and managed pressure drilling systems.

The acquisition places Aker Solutions at the forefront of technology development in the market for managed pressure drilling (MPD) which is seen as a key technology enabling better drilling performance and safety. MPO has also developed a new generation riser gas handling system to capture and safely handle gas in the riser.

The company currently employs 100 people in operating subsidiaries in Singapore, Dubai, Jakarta and Houston. These will join Aker Solutions' more than 3 000 drilling technologies experts all over the world. MPO's revenues are expected to continue to increase sharply in the coming years, from revenue of around US $30 million in 2012.

"MPO has proven technically-superior products and the ability to adapt and cater to a client's specific needs. We are pleased to include their offerings in Aker Solutions' portfolio of products, systems and services. The company has a solid reputation as both a product and a service provider, and already provides services to major drilling contractors and oil companies," said Thor Arne Haverstad, head of Aker Solutions' drilling technologies business.

Mergers and Acquisitions News in Norway >>

Africa Oilfield Logistics Acquires Ardan Logistics Kenya
  Kenya >>  10/22/2014 - Africa Oilfield Logistics Ltd, the AIM listed African focussed support services and logistics company, is pleased to announce the acquisition of the e...
Oman Oil in Talks with Oxy to Buy Stake in Local Assets
  Oman >>  10/21/2014 - Oman Oil Co. is in talks with Occidental Petroleum Corp to buy a minority stake in its assets in the Gulf Arab sultanate, the Omani firm's chief execu...

Calmena Completes the Sale of its Brazil Operations
  Brazil >>  10/20/2014 - Calmena Energy Services Inc has completed the sale of its Brazil operations, including all of its assets and its wholly owned subsidiary located in Br...
OTR to Form Joint Venture in Kuwait
  Kuwait >>  10/20/2014 - Oil Tech Royalties Inc. ("OTR"), has signed a non-binding letter of intent with Abdulaziz Abdulmohsin Al-Rashed Sons. W.L.L. ("AlL Rashed"), one of la...

RWE Says Working to Close RWE Dea Sale
  Denmark >>  10/15/2014 - RWE said it was still working on closing the sale of its oil and gas unit RWE Dea AG to a Russian investor, in response to a report the deal had been ...
Marathon Oil Closes Transaction for Sale of Norway Business
  Norway >>  10/15/2014 - Marathon Oil Corporation has closed the transaction with Det norske oljeselskap ASA for the sale of Marathon Oil Norge AS for a total transaction valu...



Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Norway Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |

More News

Oil & Gas Companies in Norway >>

Related Links

Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright Universal Solutions All rights reserved. Privacy Policy. - Contact Us