Vitality options supplier PakEnergy, LLC has acquired Petrosight, Inc. (Petrosight), a supplier of superior nicely administration software program.
The acquisition “reinforces PakEnergy’s place as a single-source supplier of end-to-end well-lifecycle administration options from website planning and development to drilling, manufacturing, workovers, and decommissioning,” the corporate mentioned in a information launch.
Calgary, Alberta-based Petrosight’s cloud-based wellsite administration expertise was designed by oilfield engineers for oilfield engineers and subject supervisors to bridge the info and reporting hole between the sphere and the workplace, the discharge mentioned.
- Advertisement -
“The intuitive system simplifies complexity in drilling nicely administration, enabling clients to seize, analyze, and act on nicely information with unprecedented ease, precision, and effectivity,” based on the discharge.
Pakenergy CEO Santosh Nanda mentioned, “PakEnergy is devoted to empowering vitality operators with easy-to-implement and undertake options that meet real-world challenges. The Petrosight system addresses the essential want for well timed nicely information and completely enhances our land administration, subject information seize, and accounting techniques. With the addition of those highly effective nicely information administration capabilities, we will now ship unparalleled visibility and management throughout the nicely and capital mission lifecycle, making certain our clients have the instruments to steer and succeed within the ever-changing oil and fuel sector”.
Petrosight Managing Director Christian Gillis mentioned, “By becoming a member of PakEnergy, we achieve entry to their strong infrastructure and excellent technical experience, enabling us to speed up product innovation and convey built-in sources to our clients sooner”.
In August 2024, PakEnergy additionally acquired Plow Applied sciences, a supplier of digital automation and cloud / Supervisory Management and Knowledge Acquisition (SCADA) software program, together with its OnPing platform.
OnPing is a cloud SCADA platform for oilfield purposes and manufacturing. Born from intensive subject expertise, the product simplifies the creation and administration of automation techniques and ensures reliability, accessibility, and integration with numerous units and techniques, the corporate mentioned in an earlier information launch.
“This acquisition permits us to ship instant added worth to {the marketplace}, significantly for our manufacturing clients as Pak Manufacturing is already absolutely built-in with Plow’s OnPing SCADA platform. Whereas we’ll proceed to assist numerous integrations to fulfill buyer wants, the Pak Manufacturing and OnPing resolution presents a single-source possibility for corporations seeking to optimize enterprise automation processes, reduce dangers, and drive larger profitability,” Nanda mentioned.
“We’re excited to formally be a part of forces with the PakEnergy staff to ship revolutionary automation and optimization merchandise to {the marketplace},” Scott Murphy, Managing Companion and Co-Founding father of Plow Applied sciences, mentioned. “This transfer to mix efforts was a logical subsequent step to amplify the worth we collectively deliver to our clients of all sizes. Our SCADA experience, mixed with Pak Manufacturing’s unbelievable subject information capabilities, is more and more in demand. This transaction will enable us to ship these capabilities to a wider viewers and spur further R&D funding as we mix the complete Plow product line with PakEnergy’s upstream, midstream, and renewables software program options”.
Dallas, Texas-based PakEnergy mentioned it presents a whole portfolio of software program options that optimize efficiency from the oil subject to the C-Suite. Based as WolfePak in 1986, PakEnergy presents instruments for land administration, wellsite operations, manufacturing, transportation, accounting, and renewable vitality.
The corporate’s end-to-end enterprise automation and efficiency optimization techniques “ship real-time insights, superior analytics, and complete asset management to drive smarter selections and higher outcomes,” it mentioned.
To contact the creator, e mail rocky.teodoro@rigzone.com
Generated by readers, the feedback included herein don’t mirror the views and opinions of Rigzone. All feedback are topic to editorial evaluate. Off-topic, inappropriate or insulting feedback will probably be eliminated.
