Oilfield services firm Schlumberger acquires Calgary spin-off Gushor.
Gushor, a geochemistry analysis firm which specialises in production and exploration for the oil industry, has been acquired by Schlumberger, one of the world’s largest oilfield services companies for an undisclosed amount.
The deal will provide Schlumberger with innovative technology to aid the firm with the discovery and development of potential oil fields developed by the Canada-based Gushor, which spun out from Calgary University in 2006.
Sameh Hanna, president of testing services at Schlumberger, said: “The addition of Gushor will enable us to better support our E&P customers by complementing our leading fluids and rocks technology portfolio with geochemical and fluid property analysis capabilities.”
Steve Larter, chief executive of Gushor, added: “As a Schlumberger company, we will be able to further the mainstream adoption of our petroleum geochemistry and fluid analysis solutions, and expand our client services infrastructure by leveraging Schlumberger technology and development expertise.”
