The announcement was made at the International Petroleum Technology Conference being held in Riyadh, Saudi Arabia.
Tendeka specialises in offering reservoir monitoring and control, advanced lower completions, and production optimisation technologies, delivering stand-alone completion products which can be combined and tailored to specific customer requirements across the full spectrum of conventional and unconventional reservoirs.
Ahmed Mousa Al- Zahrani, TAQA Chairman of the Board, said: “We continue to realize TAQA 2021 strategy to expand well services offering and become a leading international services and equipment provider. The acquisition of Tendeka will complete our portfolio and fill the well completions gap we had. Tendeka has an excellent technology base with strong IP, skilled workforce and global international presence, complementing our current and future offering.”
Brad Baker, Tendeka CEO, said: “We are delighted to join the TAQA Group. Tendeka has a rich history of providing innovative technologies for reservoir recovery and production optimization. TAQA will not only immediately strengthen our capabilities in the key Middle East Region, but also bring investment for our future growth.”
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