Superior Energy Services Acquires Premier Oilfield Services

Superior Energy Services, Inc. has acquired Premier Oilfield Services, Ltd., an Aberdeen-based provider of oilfield equipment rentals, for GBP 19.5 million, or $31.5 million.

Premier rents tubular handling equipment, drill pipe, tubing, downhole tools and associated products to oilfield customers in the North Sea, northern Africa, the Middle East and other European market areas.

"Premier is recognized as one of the largest providers of tubulars in the North Sea market area, with offerings expanding into other parts of Europe and the Middle East," said Terry Hall, President and CEO of Superior Energy Services, Inc. "Its strong management team as well as its marketing and distribution capabilities provides us a gateway to previously untapped international market areas for our rental tools and well intervention services, helping us advance our strategic goal of international expansion."