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.

01/05/2017

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

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...