WeST Group establishes two new companies
WeST is expanding with the acquisition of Petrolution AS and has also established WeST Robotics and Digitalisation AS.
WeST Petrolution AS
Former Petrolution AS, now WeST Petrolution AS, is a company with considerable experience in development for the well service market. The company`s main focus will be on wireline, coiled tubing, intervention and related business areas.
“Petrolution is a good match for us, says CEO Odd B. Skjærseth. “The company consists of skilled designers and engineers with core competence in drilling and well. The acquisition of the company and its employees will strengthen our level of competence in strategic areas for our further growth”, Skjærseth says.
WeST Robotics and Digitalisation AS
The second addition to the WeST family is WeST Robotics and Digitalisation AS.
The company's aim is to develop systems for digitized wellbore operations and robotic drilling techniques. An area where WeST Group has extensive experience. Our award winning Continuous Motion Drilling rig is in many aspects a drilling robot.
“Our goal has always been to streamline drilling operations. Featuring lower emissions and a reduced environmental footprint, our advanced technology rig enables massive reduction in drilling costs. Operators and drilling companies will be able to reduce 40-45 % of costs associated with drilling.”, Skjærseth explains.