Wellbore Integrity Solutions, Qatar in collaboration with the client successfully sidetracked the 9 5/8 inch 40 ppf L-80 casing in the lateral hole section. The TrackMaster Elite extended window whipstock system milled 22.125 ft of window which is 40% more than a standard window and drilled the rat hole as per operator requirements. This enabled
Wellbore Integrity Solutions, Mexico in cooperation with the client successfully deployed its first TrackMaster Whipstock system in Latin America. The system was set in a 13 3⁄8 inch casing #72 TAC – 110 casing at 2,373 meters on the Ixachi – 11 well. Milling time was a record of 6.78 meters in 10.19 hours and
HOUSTON – January 2, 2020 – Wellbore Integrity Solutions (WIS), a portfolio company affiliated with private equity firm Rhône Capital, today announced that WIS has completed the acquisition of businesses and associated assets of Fishing & Remedial, DRILCO, and Thomas Tools from Schlumberger. As part of the initial closing, WIS acquired businesses and assets in
In the agreement for WIS to acquire the businesses and associated assets of DRILCO, Thomas Tools, and Fishing & Remedial services, we are pleased to announce that 15 of the 25 legal entities we set as our goal have been completed. By setting up these legal entities, WIS has broadened its presence around the globe
In our mission to be a global leader in wellbore integrity products and services, we are pleased to announce that Wellbore Integrity Solutions (WIS) has joined OFS Portal as a supplier member, allowing us to be better positioned in the market within a short period of time while giving us access to an already established large legal framework of agreements with our customers and their networks.
Ron Melnyk, Chief Operating Officer, presented to a group of employees on Monday regarding updates on the acquisition of assets announced in May. After the presentation there was a short Q&A and all were assured the transaction is still on target for a Q4 close. Town Hall Presentation (PDF)