Qserv Ltd. specialised in oil-well services operations, including slickline, coiled tubing and pumping services. In July 2008, the company was acquired by Aker Solutions and it was acquired by EQT Partners in 2013.
Founded | November 2001 |
---|---|
Founder | Tommy Dreelan |
Defunct | July 4, 2008 |
Fate | Acquired by Aker Solutions, then EQT Partners |
Headquarters | Portlethen, Aberdeen |
The company was named after its focus of "Quality Service".
The company was founded in November 2001 by Tommy Dreelan.[1]
In 2004, the company was awarded a contract by ExxonMobil.[2]
In March 2005, it was awarded a 5-year well service contract by BP.[3]
In 2005, for the 3rd year in a row, the company won the International Safety Award from the British Safety Council.[4]
In July 2006, it acquired the coiled-tubing unit of Weatherford International.[5]
In December 2006, it acquired the wireline and well-service division of KCA DEUTAG.[6]
In July 2008, the company was acquired by Aker Solutions for $198 million and was renamed Aker Qserv.[7][8][1]
In 2013, Aker Solutions sold its entire well-intervention division, including Qserv, to EQT Partners for £400 million.[9]