Vetco

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VetcoGray
GE Infrastructure Oil & Gas
Websitehttp://site.ge-energy.com/businesses/ge_oilandgas/en/our_brands/vetcogray.htm

Vetco was a British oilfield service company that was established in July 2004 and operated through its subsidiaries Vetco Gray and Vetco Aibel AS. Vetco was the result of a consortium consisting of the private equity firms

drilling. Vetco was headquartered in London UK, and employed over 10,000 people in more than 30 countries worldwide.[citation needed
]

Operations

Aibel

Main article: Aibel

Aker Kværner, one of the largest companies operating in the North Sea.[citation needed
]

VetcoGray

On July 30, 2008, in Egypt's

mudline exploration system to an SG-1 wellhead subsea system for production duty. The newly converted well entered service in April of that year.[1]

The Agiba Petroleum Company, a joint venture company between the

barrels of oil per day. Eni, an Italian multi-national oil and gas company, has operated in Egypt since 1959.[citation needed
]

History

VetcoGray

VetcoGray is a combination of a number of companies including Regan Offshore, Ventura Tool Company, and Gray Tool Company.

The Ventura Tool Company was formed in 1930 by Carl and Fritz Huntsinger.

oilfields. It grew slowly through the Great Depression, but by 1937 had 50 employees.[citation needed] Ventura Tool improved upon the existing borescope, an instrument used for inspecting cannon barrels. Huntsinger had a light added to the tip so that the instrument, which used a wide angle lens to relay images back to its operator, could be used for locating defects in petroleum pipes. This innovation revolutionized the inspection of petroleum pipes for defects.[citation needed] Ventura Tool gradually added new techniques for use in these inspections, and the company grew further. It acquired the Master Thread Company, Pressure Weld, Inc. and Tube Upset Corporation. The company specialized in pipe repair and began to develop a high speed drill in the 1940s. It also began manufacturing tools for the Air Force. The company would eventually change its emphasis and reincorporate as Vetco Offshore Industries, Inc. in the late 1950s.[citation needed
]

Vetco was sold in the 1980s to

JP Morgan Partners. In February 2007 GE Oil & Gas acquired the company. David Tucker was appointed as chief operating officer for VetcoGray.[6]

Vetco Aibel

Vetco Aibel traces its roots to Elektrisk Bureau (EB) and Norsk Elektrisk & Brown Boveri (NEBB). These companies are became the Norwegian part of ABB.

A separate offshore business, EB Offshore, was founded in 1989. Vetco Aibel evolved through acquisitions of Seatec, Maritime Seanor and Umoe Oil and Gas, as well as organic growth.

Track record

FPSOs

  • Berge Helene
  • Petrojarl I
  • Norne
  • Åsgard A
  • Sendje Berge
  • Berge Hus
  • Chinguetti
  • Alvheim
  • Vittorio (Golfinho II)
  • Ettrick
  • Vincent (Ngujima-Yin)

Vetco Aibel

Topsides

  • Alvheim FPSO/Marathon – EPC Topsides
  • Volve/Mærsk-Statoil – EPC Topsides
  • Kvitebjørn/Statoil - EPC Topsides
  • Ringhorne/Esso – EPCI Platform
  • Troll C/Hydro – EPC Semi
  • Visund/Hydro - EPC Semi
  • Heimdal 2000/Hydro– EPC Platform
  • Jotun B/Esso – EPCI Platform
  • Valhall WP/BP – EPCI Platform

Products

  • Norsk Hydro, Troll C field. Start-up July 2003. Solved emulsion problems and increased production.
  • Bluewater Munin, Xijiang field. Start-up October 2004. Oil production capacity increase.
  • Norsk Hydro, Grane field. Start-up June 2005, improved separation of heavy oil.
  • Maersk Oil Qatar, Al Shaheen field. Start-up 2005, solving emulsion problems.
  • Petrobras-FPSO Jubarte P-34, Test Separator. Delivered 2005, heavy oil.

See also

References

  1. ^ "GE Oil & Gas - 2008 Press Releases". Archived from the original on December 18, 2008. Retrieved December 4, 2008.
  2. ^ "CALIFORNIA - Ventura County - Miscellaneous Obituaries - 56". genealogybuff.com.
  3. ^ "Archived copy" (PDF). Archived from the original (PDF) on 2012-06-12. Retrieved 2013-08-25.{{cite web}}: CS1 maint: archived copy as title (link)
  4. ^ "Hughes Tool to Acquire Drilling Unit". New York Times. New York. July 31, 1986. Retrieved 2015-08-20.
  5. ^ "Deutsche Alex Brown Special Opportunities Funds Investing in Funds Managed by Bain Capital". 2000. p. 16.
  6. ^ a b c "GE Oil & Gas Celebrates 30th Anniversary of its Montrose Facility". July 6, 2012. The group was acquired by ABB in 1991 and became ABB Vetco Gray. The ABB Vetco Gray oil and gas business was acquired by a private equity syndicate in 2004 and it became Vetco International. GE acquired the business in February 2007

External links

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