Halliburton and Boots & Coots memasuki definitive merger agreement, dimana Halliburton akan memperoleh seluruh outstanding stock Boots & Coots dalam transaksi saham dan tunai.
Penulis : Offshore staff
A new product service line within Halliburton will be created to include Halliburtonâ€™s existing coiled tubing and hydraulic workover operations and Boots & Cootsâ€™ intervention services and pressure control business.
â€œOptimizing economic production levels in both mature assets and unconventional gas resources requires increasing levels of pressure control and well intervention,â€ says Marc Edwards, Halliburtonâ€™s senior VP of Completion and Production.
â€œThe combination of Halliburtonâ€™s global hydraulic workover and coiled tubing deployed technologies, together with Boots & Cootsâ€™ well intervention and pressure control services will help us improve full life cycle returns for our customers. This is a natural addition to Halliburtonâ€™s extensive completion and production enhancement portfolio, further enabling integrated project workflows with improved reservoir recoveries.â€
â€œHalliburtonâ€™s legacy of innovation coupled with its integrated service capability complement Boots & Cootsâ€™ focus on delivering a complete portfolio of pressure control and well intervention services,â€ adds Jerry Winchester, Boots & Coots president and CEO. â€œCombining the resources of both companies creates the premier intervention company across the globe.â€
The transaction is expected to close this summer.