Offshore staff
HOUSTON -- Wescorp Energy Inc. has agreed to buy Strategic Decisions Sciences USA Inc. (SDS), a Houston-based engineering firm. The transaction will be structured as a merger of SDS into Wescorp. Wescorp will be the surviving entity and will continue business under the name Wescorp Energy Inc.
According to the company, key to the agreement is the acquisition of SDS' Navigator process management solution. The product manages the interactions of people, processes and equipment in oil and gas field operations. Westcorp intends to use the product "to drive the development, commercialization, and management of its own offerings."
"The Wescorp NAVIGATOR Solution brings a new and highly effective approach to the manner in which complex operations can be designed, managed and tracked," says Scott Shemwell, Wescorp COO, CEO, and sole shareholder of SDS. "We are already seeing how it streamlines our efforts to commercialize emerging technologies from one market to another regardless of the technical, geographic, regulatory and jurisdictional disparities involved. We're very much looking forward to bringing the power of Navigator to help our energy customers cut costs and enhance operational performance."
9/10/2007
