Aquisition from Innovex Downhole Solutions

Maxwell Oil Tools Ltd of Aberdeen, Scotland is pleased to announce the acquisition of the composites manufacturing and supply division from Innovex Downhole Solutions of Houston.

Maxwell Oil Tools is a manufacturer and supplier of composite centralizers and other composite products used primarily in downhole oilfield applications. Its revolutionary Multilayer Composite Centralizer (MCC) technology combines high wear resistance with an extremely low friction factor and superior fluid bypass, addressing centralization and casing-running challenges in todays increased well complexity.

Additional product lines for casing drilling, drill pipe protection and casing wear improvement, conductor casing centralization and sinker bar friction reduction are also available in what could be described as a custom design solution to assist the client to solve problems. MCC products can be installed reliably in the field, allowing Maxwell Oil Tools to efficiently provide product in remote locations around the world as required by the client.

Richard Baynham, CEO of Maxwell Oil Tools, together with Dave Levie, VP & CTO will manage the Maxwell product line going forward. “We are extremely pleased to be able to fully focus on our core skills in the design and manufacturing of composite components and equipment specifically dedicated to the upstream Oil and Gas industry with the provision of MCC and related technologies to our customers around the world. It has been a pleasure to work with Innovex to this point and we look forward to a continued strong relationship as Innovex will continue representing our specific products both in the USA and Saudi Arabia”.

About Innovex Downhole Solutions
Innovex is a leading provider of critical downhole products and technologies for the oil and gas industry. Formed through the combination of Team Oil Tools, Antelope Oil Tool & Mfg. Co. and Isolation Technologies in 2016, Innovex designs, manufactures and installs standard and proprietary well construction and well completion solutions for onshore and offshore operators worldwide. The company is headquartered in The Woodlands, Texas and has operations across all major US oil and gas basins and in Saudi Arabia.

Company website: http://www.innovexdownhole.com/

About Maxwell Oil Tools
Maxwell Oil Tools is a manufacturer and supplier of composite centralizers and other composite products. The company’s Engineering offices and manufacturing facility is located in Ravenna, Italy with additional offices in Aberdeen, Scotland. Maxwell Oil Tools services customers globally.

Company website: http://www.maxwelloiltools.com/