M&A Deal Summary

Excellence Logging Acquires Weatherford International - Surface Data Logging Business

On December 17, 2018, Excellence Logging acquired energy services and equipment company Weatherford International - Surface Data Logging Business from Weatherford for 50M USD

Acquisition Highlights
  • This is Excellence Logging’s 1st transaction in the Energy Services and Equipment sector.
  • This is Excellence Logging’s largest (disclosed) transaction.
  • This is Excellence Logging’s 1st transaction in Switzerland.

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

Target

Weatherford International - Surface Data Logging Business

Baar, Switzerland
Weatherford International Ltd - Surface Data Logging Business includes surface data logging equipment, technology, and associated contracts.

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Buyer(S) 1

Buyer

Excellence Logging

London, United Kingdom
Category Company
Founded 2015
Sector Oil/Gas Exploration
DESCRIPTION

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
PREVIOUS DEAL
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 -

Seller(S) 1

SELLER

Weatherford

Houston, Texas, United States
Category Company
Founded 1972
Sector Energy Services and Equipment
Employees18,500
Revenue 5.1B USD (2023)
DESCRIPTION
Weatherford office in Houston, Texas.
Weatherford office in Houston, Texas.

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
PREVIOUS DEAL
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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-29 Ardyne

Aberdeen , United Kingdom

Ardyne delivers downhole products and services for plug and abandonment and slot recovery operations in the global oil and gas sector. Ardyne is focused on cutting operators’ costs and reclaiming rig time by bringing the right service approach and appropriate new technology to optimize end-of-field operations. Ardyne was founded in 2015 and is based in Aberdeen, Scotland.

Buy -
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