Odfjell Technology Secures Well Services Contract with HEYCO Energy Group
Odfjell Technology, an integrated supplier of well services technology and engineering solutions, has been awarded a contract for onshore activity by energy portfolio company, HEYCO Energy Group. The agreement will support Odfjell Technology’s long-term growth plans to expand its well services operations across continental Europe.
The contract will focus on the Viura Field in Northern Spain, where 85% of the country’s natural gas is produced. Odfjell Technology will supply two key services from its leading well services suite – tubular running services (TRS) and drilling tool rental – with the possibility of extending to well bore clean up services. These services will be delivered on up to three wells. Odfjell Technology TRS crew will be used to deliver the casing running works.
“Securing this contract with HEYCO Energy Group marks a milestone for Odfjell Technology’s well service strategic growth as we look to expand our presence in Spain and more widely across continental Europe,” said Alex Gomoescu, VP Continental Europe Well Services at Odfjell Technology. “Both companies are built with strong heritage and extensive experience at the core, and we look forward to collaborating with HEYCO Energy Group to support its efforts with our innovative, class-leading well services offering,” he added.
HEYCO Energy Group manages oil and gas exploration and development projects in the United States and Europe. The company has been strategically investing in oil and gas plays in the UK and Spain for more than 20 years.
“Odfjell Technology brings experience and operational excellence to our Viura Field development,” said Manuel Gervilla, Technical Director & DF – HEYCO Iberia. “We are proud to have them as part of our team.”
About HEYCO Energy Group
HEYCO Energy Group is a privately owned, upstream energy portfolio company that delivers strategy, sophisticated unconventional technology, and capital to oil and gas exploration projects in the United States and Europe.
HEYCO’s core resources are technical knowledge and management experience applied by a team with specific and proven skills in geology, geophysics, reservoir engineering, international negotiation, drilling and production, and land and operations management.
