Proserv Offshore acquires Twachtman, Snyder & Byrd

Houston-based Proserv Offshore Llc has acquired Houston-based Twachtman, Snyder & Byrd (TSB) Inc., a provider of well abandonment and decommissioning services to the international offshore oil and gas market.

Offshore staff

HOUSTON --Houston-based Proserv Offshore Llc has acquired Houston-based Twachtman, Snyder & Byrd (TSB) Inc., a provider of well abandonment and decommissioning services to the international offshore oil and gas market.

"Twachtman, Snyder & Byrd's deep capabilities and know-how in consulting, project management, and contracting will complement Proserv's existing strengths as we expand internationally into the offshore well abandonment and decommissioning market," says Robert Finch, Proserv Group senior VP of well abandonment and decommissioning.

"The engineering challenges in the offshore oil and gas industry are becoming ever more complicated, not just in abandonment and decommissioning, but throughout the lifecycle of the well," says Arve Sem-Henriksen, CEO of Proserv Group AS.

"The acquisition will allow TSB to enhance its services in all phases of decommissioning," adds Ron Twachtman, TSB's president and CEO.

6/13/2007

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