Willkie advised Excellence Logging on the deal
Excellence Logging, a portfolio company of private equity client Blue Water Energy, entered in a definitive agreement to acquire the surface data logging business of Weatherford International plc.
As part of the agreement, Weatherford will sell all of its surface data logging equipment, technology and associated contracts and will transfer the related personnel to Excellence Logging. While with this transaction Weatherford will exit the surface data logging business, it plans to continue to maintain a close and collaborative relationship with Excellence Logging to provide bundled and integrated services to its customers including surface data logging.
Excellence Logging is a specialist oilfield services company with a focus on providing customers safe, and more technically advanced geological, surface formation evaluation, drilling monitoring, and light well intervention services. Formed in 2015, the company has operations in over 20 countries, employing more than 700 people. Weatherford is one of the largest multinational oilfield service companies, operating in over 90 countries with a network of approximately 710 locations, including manufacturing, service, research and development, and training facilities, and employing 28,450 people.
Willkie advised with Philip Coletto (Picture) Scott Miller, Mark Fine and Aymen Mahmoud.
Law Firms: Willkie Farr & Gallagher;
Clients: Excellence Logging;