Parker Wellbore has acquired International Tubular Management (ITM) of Norway. The acquisition will allow Parker Wellbore to enter the Norwegian market to better serve customers along the Norway Continental Shelf. Parker Wellbore will leverage the existing technology utilized by ITM while applying lessons learned from its work around the globe to deliver operational and service delivery excellence to customers in Norway. The company is committed to improving and expanding its machine shop services to current and future customers in Norway and the UKCS for OCTG (Casing) and Premium Rotary (Drill Pipe) tubular repair.
Locations in both Tananger and Florø allow Parker Wellbore to implement a circular economy service line model consistent with its focus on energy transition and energy security.
The strategic acquisition includes the onboarding of ITM’s personnel to Parker Wellbore. This opportunity provides new team members the potential for accelerated career progression and development in Parker Wellbore’s global operations as the business grows in the coming years.
Parker Wellbore’s priority is for a safe and seamless transition, along with high levels of service delivery quality and obsessive customer focus.
