M&A Deal Summary |
|
|---|---|
| Date | 2018-12-17 |
| Target | Weatherford International - Surface Data Logging Business |
| Sector | Energy Services and Equipment |
| Buyer(s) | Excellence Logging |
| Sellers(s) | Weatherford |
| Deal Type | Divestiture |
| Deal Value | 50M USD |
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Excellence Logging is a specialist oilfield services company with a focus on providing customers safe, and more technically advanced geological, surface formation evaluation, drilling monitoring, and light well intervention services. Excellence Logging was founded in 2015 and is based in London, United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (Switzerland) | 1 of 1 |
| Year (2018) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-07-24 |
Wilog International
Dubai, United Arab Emirates Wilog International is a provider of oilfield services. Wilog offers drilling services and other geological services at the completion and production stages of the well. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1972 |
| Sector | Energy Services and Equipment |
| Employees | 18,000 |
| Revenue | 3.7B USD (2020) |
Weatherford is a diversified international energy service and manufacturing company that provides a variety of services and equipment to the exploration, production and transmission sectors of the oil and gas industry. The Company operates in virtually every oil and gas exploration and production region in the world and divides its business into two separate segments: Drilling Services and Production Systems. Weatherford was formed in 1972 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Energy Services and Equipment) | 3 of 3 |
| Type (Divestiture) | 3 of 3 |
| Country (Switzerland) | 1 of 1 |
| Year (2018) | 2 of 2 |
| Size (of disclosed) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-22 |
Stratum Reservoir
Houston, Texas, United States Stratum Reservoir operates customer-focused laboratories to enable the discovery and sustainable development of energy resources through applied geosciences. Stratum supports energy resource investment and divestiture strategies worldwide through the analysis and interpretation of rocks and fluids. Stratum specializes in reservoir characterization, laboratory services and instrumentation designed to deliver scientific insights in upstream, midstream and mining operations. |
Sell | $205M |
