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READ expands offering with PDS acquisition

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READ Cased Hole, a global provider of production logging, well integrity and reservoir evaluation services to the oil and gas industry, has acquired US-based well integrity specialist Proactive Diagnostic Services. The acquisition positions READ to better support operators worldwide in the provision of data interpretation expertise and downhole technologies.

Founded in 1995, PDS provides a number oilfield services including surface readout and memory diagnostic technologies, data analysis, and proprietary software. With its roots in the Alaskan oil industry, the company has since also expanded into the Gulf of Mexico.

PDS President and CEO Joey Burton said: “Our passionate team has really focused on providing superior service quality to our customers. I have every confidence that this unwavering commitment to supporting oil and gas operators in Alaska and throughout the US will flourish under READ’s ownership and guidance.”

In January 2019, READ also announced an exclusive partnership with Luxembourg-based ALT to test and characterise the latter’s ABI-43 tool – an acoustic borehole imaging technology from the mining sector which it says can offer a new, cost-effective solution for downhole casing and cement evaluation in oil and gas.

Read more on READ Cased Hole here.

 

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