HOUSTON — AFGlobal Corporation has agreed to acquire Managed Pressure Operations (MPO), a subsidiary of MHWirth. As a vertically integrated supplier, this acquisition solidifies the company’s position as a specialized original equipment manufacturer.
The resulting combination of companies creates the most complete deepwater managed pressure drilling(MPD) offering currently available in the market, with technology covering both onshore and offshore applications.
“Over the last several years, we’ve established ourselves as a premier provider of oil and gas products and services, including land-based pressure pumping equipment, deepwater riser gas handling systems and subsea solutions. This acquisition will further support our strategy to create an increasingly differentiated business designed to support our clients’ drilling, stimulation and production needs both today and in the next phase of our industry’s journey,” Curtis Samford, president and CEO of AFGlobal Corporation, said.
The new business group within AFGlobal’s oil and gas segment will be known as Advanced Drilling Systems. The complete portfolio will include riser gas management systems, early kick/loss detection, managed pressure drilling, dual gradient drilling and continuous circulation.
“Providing the industry with a flexible yet standardized solution for MPD mandates that all equipment works together in an intentional and holistic manner. Simply put, our systems are designed to remove complexity on the rig and streamline operations while providing reliable, best-in-class equipment, service and support,” Mark Mitchell, president, Oil & Gas, AFGlobal, said.
He continued, “The changes coming to our industry will be transformational, not transitional and our Advanced Drilling Systems will bring a new level of fit-for-purpose, modular technology to the market.”
One primary benefit to clients is the company’s premium in-house design, engineering and manufacturing capabilities—all managed by a single provider. Blending world-class products and manufacturing with transformational drilling technology will create a new family of the next generation well construction products and services. The new combined offering will create value across a broad client spectrum, targeting both the offshore and land markets.
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