TWMA, provider of specialised drilling waste management services, has announced its acquisition of US-based Dynamic Oilfield Services in an eight-figure deal. The move comes as TWMA continues to implement an ambitious growth strategy, with internationalization and service diversity at its heart. The US land drilling market is currently recognized as the fastest growing drilling market in the world, Dynamic Oilfield Services deploys its solids control and surface equipment divisions in some of the most prolific onshore basins in the US.
Commenting on the acquisition, TWMA’s Chief Executive Officer, Tony Branch said: “Dynamic’s strong presence within the US land market, added to the robust relationships it has developed with some of the USA’s most active operators, makes this a highly logical acquisition for TWMA as it seeks to increase its international presence.
“Retaining its recognised identity, Dynamic’s offerings will provide TWMA with a range of services that are complementary to our existing drilling waste management products and services such as TCC RotoMill, allowing us to provide our global client base with effective solutions to all of their drilling waste challenges and deliver value-based proposals across the well cycle.” www.twma.co.uk