Premier Oilfield Laboratories acquires Corex UK
HOUSTON -- Premier Oilfield Laboratories, LLC (POL) has acquired COREX UK Ltd. Established over 40 years ago, COREX is an international provider of analytical services for the oil and gas industry, helping to improve hydrocarbon recovery while mitigating risk for E&P operators. COREX delivers core analysis, formation damage, PVT, geological services, and EOR studies and operates out of major facilities in Europe and the Middle East. Markets served include conventional oil and gas reservoirs throughout Europe, Africa, the Middle East, Far East and Australia.
COREX’s Aberdeen laboratory (and corporate headquarters) is equipped with advanced formation damage and core analysis equipment. Earlier this year, it received a leading UK award for innovation and was ranked first among oil and gas sector companies in the UK’s Intellectual Property (IP) League Table, IP100.
COREX CEO, Steve Anthony said, “COREX and our clients have always been keen for us to bring our formation damage and EOR laboratory testing services to North America and the acquisition by Premier will allow us to establish these key services quickly while integrating with a great technical team at Premier. Additionally, both companies will benefit from Premier’s experience in the unconventional laboratory testing market which is rapidly expanding in COREX’s major geographies.”
POL will contribute competency to the combined company through high-resolution reservoir characterization and completion optimization for unconventional reservoirs. POL is working with customers in the unconventional plays throughout the United States and will now be able to deliver this expertise to the international market.
In addition, Premier and COREX will develop joint research studies and build consortia to further characterize reservoirs and improve clients’ ROI. There are immediate applications for COREX to strengthen Premier’s West Texas and Oklahoma repurposed water consortia, including better understanding the potentially negative impacts of re-injecting produced fluids into formations and reducing reservoir permeability.
