UAE-based NTS Group acquires Amega West Services

SourceTrade Arabia
CountryUnited Arab Emirates

UAE-based NTS Group has acquired Amega West Services, a market leader in the manufacture, repair and rental of legacy and specialised drilling equipment used in offshore and land-based oil and gas extraction applications, from Carpenter Technology Corporation.    With headquarters in Houston and founded in 2007, Amega West has production and service plants in the United States, Canada and Singapore.   With this acquisition, NTS Group establishes itself as a global leader in manufacturing of drilling, subsea, top-side and process components, repair of measuring and logging while drilling (MWD/LWD) and drilling equipment, as well as rental of legacy and specialized Bottom Hole Assembly (BHA) drilling tools. A supply agreement has been signed with Carpenter Technologies to ensure the continued use of Carpenter’s proprietary non-magnetic alloys.   NTS Group will now have eight manufacturing and service facilities more...