Schlumberger Acquires Meta Downhole Limited

Schlumberger Acquires Meta Downhole Limited

Unique metal-to-metal sealing technology expands Completions portfolio

HOUSTON, March 24, 2016—Schlumberger today announced the acquisition of Meta Downhole Limited, a UK-based engineering and service company that offers technology and expertise to provide downhole metal-to-metal isolation solutions in well integrity applications.

“With Meta’s unique proven technologies, we will take a quantum leap forward in advancing our downhole completions technology offering,” said Olivier Le Peuch, president, Completions, Schlumberger. “When combined with their metal-to-metal isolation expertise and operational track record, we can offer our customers reliable and flexible solutions to address downhole isolation challenges.”

The company’s Metalmorphology® technology uses established principles to shape metal downhole that reliably conforms to the geometry of the wellbore casing or liner, delivering permanent metal-to-metal isolation. Once implemented, operators have a gas-tight, axial load-bearing and compliant life-of-well solution.

Meta technology can be deployed in a wide variety of applications to improve structural and casing integrity, seal tie-backs in new wells, isolate selected zones, facilitate slot recovery or assure plug-and-abandonment integrity.

Meta is headquartered in Aberdeen, Scotland, and has offices in three locations globally with 30 employees. For more information on Meta Downhole Limited, please visit www.metadownhole.com.