Downhole tool provider Peak joins Schlumberger

Offshore staff

HOUSTONSchlumberger has acquired Peak Well Systems, a developer of downhole tools for flow control, well intervention, and well integrity.

Hinda Gharbi, president, Wireline, Schlumberger, said: “In the past few years, Peak has developed a portfolio of flow control technologies that are recognized as some of the leading products in the industry largely due to their simplicity, performance, reliability, and ease of retrievability.

“Bringing Peak technologies into our existing Production Services portfolio will give us the opportunity to offer our customers fully integrated well intervention solutions on electric line, mechanical slickline, or digital slickline.”

Nigel Avern, Peak’s CEO, added: “We have been working closely with Schlumberger on several collaborations and initiatives during the past year and what has become clearly apparent is our compatibility.”

Peak’s downhole tools isolate, extend well life, restore well integrity and enhance well performance with SIM retrievable bridge plugs and disruptive technologies such as the SIMULTRA, a retrievable bridge plug capable of providing high-pressure/high-temperature and gas tight (ISO 14310:2008 – Grade V0) zonal isolation, even in sour gas conditions.

The company’s existing customers will continue to have access to its full range of well intervention products, but should benefit from Schlumberger’s wider distribution network.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...