Schlumberger has acquired France-based Saltel Industries in a move that will strengthen the company’s completions technology portfolio.
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Image of Saltel's SES Patch for pipeline repair, from Saltel Twitter. |
Saltel, an engineering, manufacturing and service company, offers expandable patches and steel packers technology for the oil and gas industry.
“Saltel Industries has an impressive track record in providing expandable steel patch technology to the remedial services market and has developed an innovative portfolio of openhole steel packer technology,” said Olivier Le Peuch, president, Schlumberger Completions. “This acquisition strengthens our technology portfolio in the growing completions remedial services market and the unique expandable steel packer technology has the potential to disrupt the openhole isolation market.”
Over the last few years, 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 efficient 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.
“I am very excited with this transaction, which is an important milestone for Saltel Industries as it will leverage Schlumberger’s footprint to maximize market access for our products and, in particular, expandable steel patch technology,” said Jean-Louis Saltel, managing director, Saltel Industries. “By combining Saltel Industries’ innovation in steel expandable technology with Schlumberger’s strong technology integration capability, we will offer unique well integrity and zonal isolation applications to our customers.”
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