News

Completions Technology Companies Combine

01 Apr 2009

Completions Technology Companies Combine to Enhance Industry Presence

Tendeka, the new parent organisation for three leading energy technology providers, launched today with the aim of consolidating specialist solutions for increased efficiency in well completions and production.

Tendeka combines digital monitoring solutions provider, Sensornet, swellable elastomers experts, Swellfix, and wireless well communication and downhole instrumentation specialists, Well Technology. Together they design, produce, assemble and sell innovative, high quality completions solutions to help operators meet their production goals, by maximising recovery efficiency and prolonging asset life. The extensive portfolio of products and services are available globally and delivered locally with ‘on the ground’ expertise.

Tendeka, through its three subsidiaries, employs 100 people across a network of 18 regional bases, strategically located in key energy hubs including the North Sea, Middle East and Asia-Pacific. Further expansion is envisaged through strategic acquisitions, which will assist the company in providing truly local and bespoke engineering solutions with on-site manufacturing wherever and whenever a customer requires.

Heading up Tendeka is CEO Neale Carter, whose main responsibilities are to lead the successful integration of the sibling organisations and to pinpoint other companies that have synergy with and will enhance Tendeka’s existing offering. Mr Carter joins Tendeka with 17 years industry experience having worked with major oilfield technology companies and most recently served as CEO of Sensornet. Playing a fundamental role in the company’s continued success, he was a driving force behind the development and launch of technology applications including Digital Flow Profiling and Digital Well Integrity.

Overseeing Tendeka’s operations is Martin Perry, who takes up the role of chairman having previously grown an independent oilfield services company, led an IPO and subsequently achieved a successful sale.

Tendeka CEO, Neale Carter, said: “Our goal is to build a global technology company with quality, breadth of product range, international capabilities and a strong local reach. Sensornet, Swellfix and Well Technology are innovators in their respective fields and bring years of expertise and industry knowledge to the table. Bringing these companies into the Tendeka family will give cost savings to our clients, an improved service offering and on the ground technical capabilities with regional knowledge.

“We have made solid, long-term plans for business growth, backed by our corporate investors. We believe that increasing our product and service base will give operators substantial strategic resources whatever their location and we will offer customers the flexibility, responsiveness and focus of a local provider, backed by the strength and reliability of a global brand.”

About Tendeka

Tendeka is the parent organization of a family of leading technology companies serving the oil and gas industry.

Tendeka family technologies are used by a growing number of operators every day to reduce uncertainty and improve efficiency. With over 13 patents held and a further 22 pending, the family is home to a number of field-proven innovations such as swellable elastomers, wireless communication systems and digital monitoring solutions. Tendeka represents a strong business platform that will help these technologies continue to meet changing customer needs into the future.

With a combined workforce of 100 professionals, Tendeka’s presence brings each company the support and reliability of being part of a larger group. There will also be the increased opportunities and synergies that result from the sharing of business resources, processes and strategy across the board.

With a network of 18 offices in international locations that mirror our customers’ operations, Tendeka companies are active in all of the world’s oil-producing basins, and the family is well-positioned for future growth.

Tendeka is backed by Shell Technology Ventures Fund 1 BV, independently managed by Kenda Capital BV.