AlMansoori acquires UK-based directional drilling company
Posted: 20 August 2007
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Abu Dhabi-based AlMansoori Specialized Engineering (MSE) has strengthened its services portfolio by acquiring Target Energy Group Limited headquartered in Aberdeen , UK.
MSE’s acquisition will take complete ownership of the entire capital of Target Energy. Target Energy and its subsidiaries include Target Well Control UK , Tiebo Middle East, Target Well Control France , Target Well Control Syria and Target MWD Canada.
Through this deal, MSE will now offer all of Target's products and services, which include Drilling Engineering, Directional Drilling, Well Placing, Mud Motors, Rotary Steerable Tools, Measurement-While-Drilling and Logging-While-Drilling Services.
The acquisition greatly enhances MSE's capabilities, especially with a highly specialised directional drilling team in place.
"The Target acquisition complements Al Mansoori's wide range of service offerings in the region,” said Ibrahim Al-Alawi, MSE's business development manager. “This experience will greatly enhance our technical team.”
He added that Target is very much a technology-driven company, whose directional drilling services are in high demand with a proven track record in different parts of the world, including Russia and the North Sea .
“Further, the products and services we have taken over with this deal will bring Al Mansoori one step closer to our goal of being a truly integrated service provider.” |
