Schlumberger acquires Saltel Industries

Schlumberger has acquired Saltel Industries, a France-based engineering, manufacturing, and service company that offers expandable patches and steel packers technology for the oil and gas industry.

Saltel Industries has developed expertise and established a commercial track record in both inflatable packers and expandable tubulars for steel patches or packer technology applications. The company’s deployment of expandable steel patches is recognized for its effective water shut-off applications to restore production in wells. Also, in cementing operations the application of expandable open steel packer technology for external casing packers has resulted in lowering operational risk and cost compared to traditional inflatable packers.

Saltel Industries is headquartered in Bruz near Rennes, France, and has offices in five locations globally with 70 employees who will continue to operate under the leadership of Jean-Louis Saltel, managing director of Saltel Industries, and his management team.

Schlumberger Limited has principal offices in Paris, Houston, London and The Hague, and reported revenues of $35.47 billion in 2015.

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