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NTS Group Acquires Amega West Services

Gasoil News - Published on Fri, 16 Oct 2020

Image Source: NTS Group Amega West Services
NTS Group has acquired Amega West Services, a market leader in the manufacture, repair and rental of legacy and specialized drilling equipment used in offshore and land-based Oil & 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 across strategic O&G locations.

Established in the UAE in 2006, NTS Group was acquired in 2019 by a joint venture between TUBACEX and ADQ’s Senaat with the goal of creating a global specialist manufacturing and services company for drilling tools and equipment.

NTS’s services will be configured under a range of innovative contracting options to include Global Framework Agreements, Local Repair / Manufacture hubs and Stock Management Programs, aimed at reducing cost, improving lead times and increasing availability of equipment, while maintaining the highest levels of quality and service.

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Posted By : Yogender Pancholi on Fri, 16 Oct 2020
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