Acquisition

Expands Intervention Service Offering

WELLTEC A/S, A leader in completion and intervention, has acquired Autentik AS, a niche technology provider specialising in electric wireline fishing and intervention solutions. The acquisition is a strategic move by Welltec to expand its downhole well access capabilities and enhance its overall service offerings.

Autentik has a proven track record of delivering innovative solutions to its clients across North America, Europe, Africa, and the Middle East, and its expertise – particularly in the downhole fishing domain – will greatly complement Welltec’s existing portfolio. With this acquisition, Welltec will be better positioned to serve its clients with the latest surface-controlled technology advancements and solutions.

"We are excited to welcome Autentik into the Welltec family," said Tommy Eikeland, CCO Welltec. “This will add tremendous value and momentum to our organisation and enhance our ability to provide our clients with cutting-edge solutions. We have already performed several jobs together and the advantages we can bring are evident. We look forward to working together to drive further growth and innovation in our industry."

Company, emphasising our commitment to expand our regional footprint in the Middle East and North Africa region. The company is pre-qualified to provide various services in Kuwait, Saudi Arabia and Algeria, where the company's advanced rigging fleet is linked to long-term contracts with leading national and international companies in the field of exploration and production."

He added, "Abraj Energy Services is uniquely poised for this opportunity as it owns the most modern and advanced drilling fleets in the Middle East and North Africa region. Consisting of 25 drilling rigs and five well maintenance rigs that operate with the latest technology, it offers a competitive advantage to its clients, particularly in Saudi Arabia, Kuwait and Algeria."

In line with its growth strategy, Abraj Energy Services announced the listing of its shares on the Muscat Stock Exchange on 20th February 2023. This was part of the exit plan announced by Oman Investment Authority to facilitate investment opportunities for local and foreign investors in tandem with the goals of Oman Vision 2040.

Amarinth wins further Iraq contract

AMARINTH HAS WON a further order from Iraq Gates Contracting Company, this time for two bespoke API 610 12th Edition VS4 vertical pumps for the supergiant Rumaila oilfield, southern Iraq. The company previously supplied 10 API 610 OH1 condensate transfer pumps for the Rumaila field.

Space constraints in the tanks called for a particularly small support plate of just 30 inches in length, so Amarinth designed a bespoke support plate for the VS4 pumps with a special arrangement that still enables Plan 53B seal support systems to be mounted at the side of the pumps. The motors, seal support systems, and instrumentation will be IECEx certified, inspected and witness tested by Bureau Veritas and supplied with a full legalised Iraq documentation package.

Oliver Brigginshaw, managing director of Amarinth, commented, “We are delighted with this latest order of bespoke API 610 VS4 vertical pumps from IGCC which underlines our on-going support and investment in Iraq. With the orders from IGCC, and the other contracts we have fulfilled in Iraq, we have developed an in-depth knowledge of the requirements of the Rumaila Operating Organization, enabling us to design bespoke pumping solutions on short lead times that successfully meet their needs.”