Aker Acquires Managed Pressure Drilling Specialist MPO

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

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.


United Kingdom >>  7/5/2022 - THREE60 Energy has acquired well and pipeline operator and well management specialist, Fraser Well Management, broadening and strengthening the compan...
United States >>  7/5/2022 - Helix Energy Solutions Group, Inc. ("Helix") (HLX) announced the completion of the previously announced acquisition of all of the equity interests of ...

France >>  7/4/2022 - CGG announced that Sercel, its Sensing & Monitoring division, was selected as the successful bidder for the acquisition of ION Geophysical Corporation...
United Kingdom >>  7/4/2022 - Ithaca Energy is pleased to announce that its acquisition of Siccar Point Energy, announced on 7 April 2022, has completed with all conditions having ...

Bermuda >>  7/1/2022 - Golar LNG Limited ("Golar") announces that it has sold to Cool Company Ltd. (“CoolCo”) the management organization responsible for the technical and c...
Norway >>  7/1/2022 - TGS ASA has acquired Prediktor AS ("Prediktor"), a leading provider of asset management and real-time data management solutions to renewable and energ...

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

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


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.