ALS Oil and Gas Announces Acquisition of US Well and Industrial Monitoring Provider
The acquisition of BMP further enhances ALS’ ability to service the upstream Oil & Gas industry with leading technical services across all major geographies.
BMP specializes in turnkey monitoring solutions for the down-hole Oil & Gas, downstream, industrial and pipeline monitoring markets. BMP’s team has market-leading knowledge in design, planning and installation of monitoring solutions using memory tools, permanent tools and fiber optic based acoustic and temperature monitoring. The acquisition of this leading service capability adds to ALS Oil & Gas’ Specialist Well Monitoring division’s technical and product expertise. With this combination, ALS Oil & Gas now has a powerful monitoring capability to present end to end solutions to clients and to continue its focus on evolving new and improved monitoring solutions. The transaction also provides access to new areas of industrial and pipeline markets for ALS Oil & Gas.
Omega Well Monitoring, the brand under which BMP’s services will now trade, has a strong customer base in Canada, Europe, Africa, China, Australia and the Middle East. BMP’s presence and expertise in the US market complements existing ALS Oil & Gas presence in the US and the combination of the two companies will provide an improved coverage of this important market. It is expected that BMP will contribute approximately $10m (USD) in revenue to ALS in the next year.
ALS Oil & Gas MD, Pascal Bartette commented: “We welcome all of BMP’s employees to ALS Oil & Gas. Their expertise augments the existing services we offer through Omega Well Monitoring.
“With increasingly complex well completions, understanding downhole conditions is critical to maximising value from the reservoir. The addition of BMP’s US base and experience to Omega’s international network and advanced monitoring solutions offers tremendous opportunities to our customers in our traditional down-hole market as well as exciting new markets in industrial and pipeline monitoring where there is significant potential.
“We are truly excited about the potential of the combined businesses, who have very little overlap but rather complementary services.”
Brian M. Phillips, President and CEO of BMP commented: “Joining such an ambitious and fast growing provider as ALS Oil & Gas is an exciting step. I believe BMP’s completions expertise and technology solutions will be invaluable in growing the Omega Well Monitoring brand in the US. Personally, I am excited by the challenge of continuing the development of our various fiber optic solutions to both the US and the international market.”
Fifth Ring Integrated Corporate Communications
Notes to Editors:
ALS Oil & Gas is the new international leader in the niche oilfield activities of Reservoir Sampling, analysis and evaluation, Well Monitoring, Specialist Well Services and premium drilling services. Formed from the acquisition of Reservoir Group in 2013, ALS Oil & Gas combines Reservoir Group’s specialist services with ALS' analytical expertise and global reach, delivering opportunities for sustained development and expanding customer solutions.