Schlumberger, a supplier of project management and information solutions to customers working in the oil and gas industry worldwide, acquired Meta Downhole Limited, an Aberdeen, Scotland, UK-based engineering and service company that offers technology and expertise to provide downhole metal-to-metal isolation solutions in well integrity applications.
The amount of the deal was not disclosed.
Meta Downhole has developed technology that shapes metal downhole that reliably conforms to the geometry of the wellbore casing or liner, delivering permanent metal-to-metal isolation. The solution can be deployed in a wide variety of applications to improve structural and casing integrity, seal tie-backs in new wells, isolate selected zones, facilitate slot recovery or assure plug-and-abandonment integrity.
The company also has offices in three locations globally with 30 employees.
Based in Paris, Houston, London and The Hague, Schlumberger is a provider of technology, integrated project management, and information solutions – from exploration through production – to customers working in the oil and gas industry worldwide. The company employs approximately 95,000 people representing over 140 nationalities and working in more than 85 countries. It reported revenues of $35.47 billion in 2015.