AFGlobal to acquire Managed Pressure Operations
AFGlobal Corp. says it has agreed to acquire Managed Pressure Operations (MPO), a subsidiary of MHWirth.
HOUSTON, Texas – AFGlobal Corp. says it has agreed to acquire Managed Pressure Operations (MPO), a subsidiary of MHWirth.
As a vertically integrated supplier, AFGlobal officials say that this acquisition further solidifies the company’s position as a specialized original equipment manufacturer. Company officials say that the resulting combination will creates the most complete deepwater managed pressure drilling (MPD) offering currently available in the market, with technology covering both onshore and offshore applications.
“Over the last several years, we’ve established ourselves as a premier provider of oil and gas products and services, including land-based pressure pumping equipment, deepwater riser gas handling systems and subsea solutions,” said Curtis Samford, President and CEO of AFGlobal Corp.
“This acquisition will further support our strategy to create an increasingly differentiated business designed to support our clients’ drilling, stimulation and production needs both today and in the next phase of our industry’s journey,” Samford added.
The new business group within AFGlobal’s oil and gas segment will be known as Advanced Drilling Systems. The complete portfolio will include riser gas management systems, early kick/loss detection, managed pressure drilling, dual gradient drilling and continuous circulation.