Canrig and Epoch Well Services Merge
Houston, Texas (Nov. 17, 2008) — Canrig and Epoch Well Services have merged to create a drilling technology company offering an extensive and diverse product line to the global energy industry. The company is known as Canrig Drilling Technology Ltd. and is headquartered in Houston, Texas. The merger is effective December 31, 2008.
Originally founded in Calgary more than 20 years ago, Canrig is a world-class manufacturer of drilling equipment, including top drives, automated catwalks, floor wrenches, control systems and a line of intelligent accessories. Epoch is one of the fastest growing suppliers of drilling data, analysis and reporting systems and software in the world.
“Incorporating Canrig’s oilfield equipment sales, services, rental and support systems with Epoch’s array of sophisticated products will take the merged company into a new era of technology, safety and growth,” said President Chris Papouras. “We are now offering our customers a broader array of products and services at a competitive cost. It’s an exciting change during a time when incorporating new technology into traditional products is more important than ever.”
The merger provides various enhancements for Canrig Drilling Technology. This includes the expansion of the product line, adding new equipment that complements current products to deliver improved drilling efficiency and safety. It also includes an improved level of field service and support.
“We remain committed to quality and reliability as we embrace increasingly diverse product lines,” said Papouras. “This partnership combines the best of both companies and promises to deliver greater value to our customers.”
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