(WO) – Tenaris has acquired AllTorque’s oilfield division, strengthening its tubular working providers and increasing rig ground capabilities aimed toward enhancing nicely integrity and operational effectivity.
The acquisition builds on an current partnership between the businesses and integrates AllTorque’s torque-turn monitoring programs into Tenaris’s Rig Direct® and WISer™ service choices. The know-how supplies real-time information throughout tubular working operations, serving to operators optimize connection efficiency and cut back the danger of set up errors.
AllTorque, headquartered in Purple Deer, Alberta, has developed torque-turn monitoring programs broadly used to reinforce precision throughout casing and tubing set up. Since launching its monitoring service in 2022, the corporate has supported greater than 5,000 jobs globally, protecting over 23 million meters of OCTG.
By incorporating this functionality, Tenaris is aiming to ship extra constant execution on the rig ground, the place correct torque utility and connection integrity are crucial to long-term nicely efficiency.
“This acquisition marks one other necessary step in Tenaris’s ongoing dedication to Canada,” stated Martín Castro, Tenaris President in Canada. “We’re glad to proceed increasing the scope of our providers with AllTorque.”
The deal additionally expands Tenaris’s operational footprint in Canada, the place the corporate has invested greater than CAD $314 million since 2020 throughout manufacturing, service and R&D services.
The transfer displays broader business demand for built-in service choices that mix tools, digital monitoring and discipline execution to enhance reliability and effectivity in more and more complicated drilling environments.
