Announced
Completed
Financials
Tags
Single Bidder
Majority
Completed
India
Cross Border
Friendly
oil exploration
Oil Equipment and Services
Acquisition
oil field services
Private
Synopsis
Excellence Logging, an hydrocarbon exploration company, completed the acquisition of surface data logging business of Weatherford International, an oil and gas company, for $50m. "With the purchase of Weatherford's surface data logging business, Excellence Logging will become the largest independent provider of mud logging services in the oil and gas services sector. It is our singular dedication to innovation, focus and quality provided by motivated people passionate about what they do that will drive our performance. The scale of Weatherford's mud logging operations, long history in this business, and experienced personnel will complement our own to give us a truly global presence," Bruno Burban, Excellence Logging President and CEO.
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