Qserv Ltd. specialised in oil-well services operations, including

slickline {{more citations needed, date=April 2012 Slickline refers to a single strand wire which is used to run a variety of tools down into the wellbore for several purposes. It is used during well drilling operations in the oil and gas industry. In gene ...

coiled tubing In the oil and gas industries, coiled tubing refers to a very long metal pipe, normally in diameter which is supplied spooled on a large reel. It is used for interventions in oil and gas wells and sometimes as production tubing in depleted g ...

and pumping services. In July 2008, the company was acquired by

Aker Solutions Aker Solutions ASA, an engineering company based in Oslo, provides the products, systems and services required to unlock energy from sources such as oil, gas, offshore wind and capture. The company, founded in 1841, was known as Aker Kværner u ...

and it was acquired by

EQT AB EQT AB is a Swedish global investment organization founded in 1994. Its funds invest in private equity, infrastructure, real estate, growth equity, and venture capital in Europe, North America, and Asia Pacific. , EQT's assets under managemen ...

in 2013. The company was named after its focus of "Quality Service".

History

The company was founded in November 2001 by Tommy Dreelan. In 2004, the company was awarded a contract by

ExxonMobil ExxonMobil Corporation (commonly shortened to Exxon) is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil, and was formed on November 30, ...

. In March 2005, it was awarded a 5-year well service contract by BP. In 2005, for the 3rd year in a row, the company won the International Safety Award from the

British Safety Council The British Safety Council, a registered charity founded by James Tye in 1957, is one of the world's leading health and safety organisations alongside the likes of Institution of Occupational Safety and Health and International Institute of Ris ...

. In July 2006, it acquired the coiled-tubing unit of

Weatherford International Weatherford International plc, an American Irish public limited company, together with its subsidiaries, is a multinational oilfield service company and one of the largest companies in the world in oil services. Weatherford is a wellbore and p ...

. In December 2006, it acquired the wireline and well-service division of KCA DEUTAG. In July 2008, the company was acquired by

for $198 million and was renamed Aker Qserv. In 2013, Aker Solutions sold its entire well-intervention division, including Qserv, to

for £400 million.

References

{{Reflist, 1 2001 establishments in Scotland 2008 disestablishments in Scotland 2008 mergers and acquisitions Companies established in 2001 Defunct energy companies of the United Kingdom