Downhole tool provider Peak joins Schlumberger
Schlumberger has acquired Peak Well Systems, a developer of downhole tools for flow control, well intervention, and well integrity.
Hinda Gharbi, president, Wireline, Schlumberger, said: “In the past few years, Peak has developed a portfolio of flow control technologies that are recognized as some of the leading products in the industry largely due to their simplicity, performance, reliability, and ease of retrievability.
“Bringing Peak technologies into our existing Production Services portfolio will give us the opportunity to offer our customers fully integrated well intervention solutions on electric line, mechanical slickline, or digital slickline.”
Nigel Avern, Peak’s CEO, added: “We have been working closely with Schlumberger on several collaborations and initiatives during the past year and what has become clearly apparent is our compatibility.”
Peak’s downhole tools isolate, extend well life, restore well integrity and enhance well performance with SIM retrievable bridge plugs and disruptive technologies such as the SIMULTRA, a retrievable bridge plug capable of providing high-pressure/high-temperature and gas tight (ISO 14310:2008 – Grade V0) zonal isolation, even in sour gas conditions.
The company’s existing customers will continue to have access to its full range of well intervention products, but should benefit from Schlumberger’s wider distribution network.