Schlumberger Acquires Diamould Ltd
Schlumberger has acquired the assets of Diamould Ltd, an oil and gas industry firm specializing in electrical, hydraulic and fiber-optic connector solutions, based in Barrow-in-Furness, Cumbria, UK.
"The increasing application of intelligent completion systems is driving demand for reliable electrical, hydraulic and fiber-optic connectors, making this an important step for Schlumberger as it will allow us to better serve the needs of our clients. We are committed to delivering high quality products and services to our customers," said Saad Bargach, president, Well Completions & Productivity, Schlumberger. "As we strive to be in the forefront of reliability, our customers will benefit from our combined product offering and improved network distribution."
Diamould, which employs more than 70 staff, designs and manufactures all types of connectors from its facility in the UK, which will be established as a center of excellence for all connector requirements. Schlumberger will provide a worldwide network of sales and marketing personnel in the field to support the sales and services of the expanding Diamould product line.
"Since our founding in 1999, our approach is to harness tried and tested principles with innovative designs that combine to provide high operational performance, repeatability and reliability at low cost," said Harold Dearden, managing director, Diamould. "We look forward to helping to solve some of the industry's most demanding connectivity challenges through innovative and reliable products."
Diamould will continue to supply its innovative products to its existing customer base, as well as new customers and to the rest of the industry.
- Top Oilfield Services Firms Signal Fourth-Quarter Uncertainty (Oct 20)
- Schlumberger's Latest Asset Deal Raises Fresh Concerns Ahead Of 3Q (Oct 19)
- Offshore Start-Up Borr Drilling Aims To Expand Fleet, Keep Costs Low (Aug 30)