Qserv Ltd. specialised in oil-well services operations, including slickline, coiled tubing and pumping services. In July 2008, the company was acquired by Aker Solutions and it was acquired by EQT Partners in 2013.
| Founded | November 2001 |
|---|---|
| Founder | Tommy Dreelan |
| Defunct | July 4, 2008 |
| Fate | Acquired by Aker Solutions, then EQT Partners |
| Headquarters | Portlethen, Aberdeen |
The company was named after its focus of "Quality Service".
History edit
The company was founded in November 2001 by Tommy Dreelan.[1]
In 2004, the company was awarded a contract by ExxonMobil.[2]
In March 2005, it was awarded a 5-year well service contract by BP.[3]
In 2005, for the 3rd year in a row, the company won the International Safety Award from the British Safety Council.[4]
In July 2006, it acquired the coiled-tubing unit of Weatherford International.[5]
In December 2006, it acquired the wireline and well-service division of KCA DEUTAG.[6]
In July 2008, the company was acquired by Aker Solutions for $198 million and was renamed Aker Qserv.[7][8][1]
In 2013, Aker Solutions sold its entire well-intervention division, including Qserv, to EQT Partners for £400 million.[9]
References edit
- ^ a b "Aker Solutions boosts its well service business through acquisition of Qserv" (Press release). Globe Newswire. 4 July 2008.
- ^ "QSERV Secures Contract With ExxonMobil". RigZone. 20 July 2004.
- ^ "BP Awards Well Services Contract To Qserv". RigZone. 14 March 2005.
- ^ "Qserv Scoops Top Safety Award for Third Year Running". RigZone. 2 June 2006.
- ^ "QSERV Acquires Weatherford Coil Tubing Business". RigZone. 3 July 2006.
- ^ "Qserv Acquires KCA Deutag's Wireline Operations". RigZone. 18 December 2006.
- ^ Stoltz, Aasa Christine (4 July 2008). "Aker Solutions acquires Qserv for $198 mln". Reuters.
- ^ "Aker Grabs Qserv Shares, Boosts Well Service Business". RigZone. 7 July 2008.
- ^ Findlay, Keith (23 November 2013). "£400million deal to buy Aker well division". The Press and Journal.