PakEnergy acquires Petrosight to enhance well lifecycle & management solutions
PakEnergy has acquired Petrosight in a move to reinforce its position as a single-source provider of end-to-end well-lifecycle management solutions from site planning and construction to drilling, production, workovers and decommissioning.
Petrosight's cloud-based wellsite management technology was designed by oilfield engineers for oilfield engineers and field supervisors to bridge the data and reporting gap between the field and the office, according to the news release. The system is designed to simplify complexity in drilling well management for its customers by organizing drilling well lifecycle data all into one user-friendly system.
"PakEnergy is dedicated to empowering energy operators with easy-to-implement and adopt solutions that meet real-world challenges," said Santosh Nanda, CEO of PakEnergy. "The Petrosight system addresses the critical need for timely well data and perfectly complements our land management, field data capture, and accounting systems. With the addition of these powerful well data management capabilities, we can now deliver unparalleled visibility and control across the well and capital project lifecycle, ensuring our customers have the tools to lead and succeed in the ever-changing oil and gas sector."
Headquartered in Calgary, Alberta, Petrosight was founded in 2011 by industry veterans seeking to simplify and enhance wellsite reporting. The company has offices and team members in Denver, CO and Houston, TX and serves over 150 clients across North America and internationally.
"From day one, Petrosight's mission has been to deliver efficient, user-friendly solutions that simplify the complexities of well management and drive measurable results," said Christian Gillis, Managing Director of Petrosight. "By joining PakEnergy, we gain access to their robust infrastructure and outstanding technical expertise, enabling us to accelerate product innovation and bring integrated resources to our customers faster."
