Tendeka acquired by TAQA
February 21, 2022
Joint press release
At the inaugural day of the International Petroleum Technology Conference in Riyadh, the Industrialization and Energy Services Company “TAQA” announced it has signed an agreement to acquire TENDEKA, a UK-based engineering and manufacturing company with offices in Houston, Stavanger, Aberdeen, Dubai and Kuala Lumpur.
Tendeka specializes in offering reservoir monitoring and control, advanced lower completions, and production optimization technologies, delivering innovative, 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 Chief Executive Officer, 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. “
TAQA is a leader in Middle East Oil Field Services and Equipment (“OFSE”) and is adding new capabilities to cover a wide spectrum within the market. TAQA continues to innovate by developing and deploying technologies, products and service and by building long-term relationships with customers.
Tendeka is a global specialist in advanced completions and production solutions for the oil and gas industry. From simple to complex well designs, the company has an extensive track record in enhancing productivity for clients’ reservoirs offshore and onshore. Tendeka invests in research and development, bringing to market disruptive technologies and offering solutions targeted to operators’ specific production challenges.
Established in 2009 and headquartered in Aberdeen, UK, Tendeka operates in strategically positioned bases, located at global energy hubs including the North Sea, Asia-Pacific, Middle East and USA.