Simmons Edeco Sells European Well Integrity Division
Company Plans to Focus on Core Onshore Services Business
Simmons Edeco, a supplier of onshore drilling and workover and wellhead maintenance services, has sold its well integrity services division, Simmons Edeco Europe.
“The sale coincides with strategic plans to focus our people and capital on our core business of onshore drilling and workover services for global energy customers,” says CEO Niels Versfeld. “Given the momentum that we are experiencing in Mexico, the capital injection will allow us to bolster our core service capabilities and more rapidly pursue additional opportunities there, and throughout Latin America.”