Saturday, September 23, 2023 | Rabi' al-awwal 7, 1445 H
scattered clouds
30°C / 30°C

MBPS acquires energy service company in the Netherlands

No Image

Muscat: Mohammed Al Barwani Petroleum Services (MBPS), which is part of the MB Group of Companies, has acquired Balance Point Control, a Netherlands-based Oil Well Services Company, from Superior as part of MBPS’ strategy to expand its capabilities in the European in addition to its expansion in the MENA region.

The Netherlands is the latest addition to MBPS’ zone of operations, which has expanded in the MENA region to include Oman, Bahrain, Kuwait, and KSA, and expanded in Europe to include Germany, Hungary, Romania, and Austria. It provides value in various

Mr. Salim Al Harthy, Chief Operations Officer of MBPS, said: “BPC is a well-respected company with +21 years of experience providing a range of services onshore and offshore, all the way from live well snubbing to dead well Hydraulic workover and abandonment. To date, BPC has restored +700 wells, and has an exceptionally gifted team developing best-in-class practices which can be shared between Europe and Oman, as well as access to cutting-edge technologies. For example, BPC also provides Eline services, a high-end technology which is a great addition to MBPS. I am truly looking forward to working with the BPC team on the next step of its exciting journey as part of our goal to provide integrated well services worldwide.”

Mr. Brian Ellis, CEO of Superior, said: “In discussions with Salim and the MBPS team, we were fascinated by MBPS’ versatility and ability to provide value across continents while adhering to the highest standards of quality and safety. MBPS and its subsidiaries also displayed exceptional care in fostering a healthy, collaborative culture. I believe that BPC will continue to flourish and that the team will grow under its new management.”

MBPS and BPC are already planning on the way forward for the company, including engaging with the BPC team and having a number of knowledge sharing sessions and crosspostings for both companies to benefit from this acquisition.

arrow up
home icon