Premium Oilfield Technologies introduced that it has executed agreements to purchase Global Drilling Support “GDS”. The acquisition of sure of the GDS entities is closed and was efficient instantly as of October 31, 2019, and the acquisition of a smaller operation of GDS is a part of a separate settlement which is topic to customary closing circumstances and is anticipated to happen within the first quarter of 2020.
Founded in 2008 by Keith Holliday and Paul Nicholson, GDS is the premier unbiased supplier of tailor-made, “one-stop-shop” aftermarket options for each third-party and GDS manufactured high drives, offering a complete vary of high drive restore, recertification and overhaul providers. Through its API Q1 and 8C operations in Houston and Midland/Odessa (USA), Dubai (UAE), and Tyumen (Russia), GDS repairs and recertifies high drives, and likewise shares and distributes spare elements for many OEM high drive producers. GDS additionally maintains an skilled in-house engineering and design staff that helps its manufacturing operations and works with its prospects to develop progressive options. Their crew of highly-trained service technicians are stationed world wide and can be found for service calls associated to any mechanical or electrical concern.
Premium Oilfield Technologies designs, manufactures, sells and rents high-performance drilling tools and spare elements, principally targeted round mud pump fluid-end expendables, mud valves, centrifugal pumps, shaker screens, Patriot pistons and high drive expendables. Premium additionally manufactures and sells the Sur-Lock suite of patented quick-change mud pump “add-on” elements, which drastically scale back the time it takes to vary pistons, valves, seats and liners in a mud pump. Sur-Lock additionally considerably will increase worker security by eliminating the necessity for sledgehammers within the parts-change course of. The Premium Sur-Drive washpipe cartridge system is the primary high drive washpipe cartridge system examined to 10,000 psi with water, and run efficiently at peak stress and rpm within the area.
Premium is headquartered in Houston and is a portfolio firm of Quantum Energy Partners, a Houston-based personal fairness agency.
(Source and picture: Premium Oilfield Technologies – Consignment field)
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