Oil & Gas

Archer adds Aberdeen business X-it

Global oilfield service provider Archer yesterday announced the acquisition of an Aberdeen company.

It has paid an undisclosed sum for X-it Energy Services.

Archer’s vice-president for oil tools, Rolf Egil Haland, said: “This acquisition further increases our ability to serve our clients by adding additional unique well service tools to our line of specialised well-integrity and well-performance products and services. The acquisition is in line with our strategy to invest in our well services business, with specific focus on international expansion as well as enhancing our technology portfolio.

“X-it has excellent technology and we plan to rapidly develop upon X-it’s product portfolio and its emerging business.”

X-it, which was founded in 2002, only has a handful of employees.

The sole shareholder is director Michael Neff.

Last week, Archer revealed it had won a major contract with Shell in the North Sea, which will lead to nearly 100 jobs.

It was been awarded a five-year deal to provide integrated plug and abandon services across the Brent field operations.

Read the latest opinion pieces from our Energy Voice columnists

Comments are closed

Feature & Analysis

Features & Analysis

Upcoming Events

  1. Subsea Asia 2017

    August 13 - August 16
  2. OGA Technology Forum for the 30th Round

    August 22
  3. Subsea UK Golf Day

    August 25
  4. Offshore Europe 2017 Dinner

    September 6
  5. Press and Journal Gold Awards

    September 8 @ 7:00 pm - 11:30 pm