Schlumberger has acquired the business of Extreme Engineering Limited, a Calgary-based supplier of unmanned measurement-while-drilling (MWD) systems from its founders and investors that include the Shell Technology Ventures Fund 1 BV managed by Kenda Capital BV.
Poupeau added, “During 2009 the geographical focus will widen to expand deployment of Extreme technologies to regions outside North America.”
Extreme Engineering, which will continue to operate under its own brand, maintains major operational bases in Calgary, Alberta, Denver, Colorado and Fort Worth, Texas, backed by engineering and manufacturing facilities in Calgary. The company employs 68 people.
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