National Oilwell Varco to Acquire Completion Tools Business of Trican Well Service
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National Oilwell Varco, Inc. (NOV) has entered into a definitive agreement to acquire the completion tools business of Trican Well Service Ltd.
“This transaction represents an exciting step for NOV in expanding the breadth of our completion and production related product offerings. The transaction allows NOV to leverage our best-in-class manufacturing and global supply chain to expand sales into new markets and meet our customers’ demands for cost-effective, innovative and high quality completion tools,” said Clay Williams, NOV’s chairman, president and chief executive officer.
“The technologies acquired along with the talented team, which will continue to develop additional downhole completion solutions as part of the NOV family, make this transaction consistent with our strategy of investing in solutions which assist our customers in lowering their cost of supply,” added Williams.
About NOV
National Oilwell Varco is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations, and the provision of oilfield services to the upstream oil and gas industry.
To stop by NOV’s website, CLICK HERE
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