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 preparation for being the leader in wellbore integrity products and services.
On Track to Fulfilling Our Future
The steady pace of completing the 15 legal entities allows WIS to further position itself as a leading company providing a comprehensive suite of products and services that enhances the life cycle of oil, gas and geothermal wells. Upon completion of the total number of legal entities, Wellbore Integrity Solutions expects to have over 1,100 employees and operations in 25 countries.