Houston, TX (PRWEB) January 05, 2014
WWT International Inc. announced today that it has reorganized its operations in the United States into three separate operating entities, effective January 1, 2014. The reorganization enables the company to achieve greater financial and strategic flexibility.
Since its inception in 1988, WWT International (formerly Western Well Tool) has created a globally recognized brand and an excellent reputation for solving many of the challenges encountered in drilling, completion and intervention work with innovative products and services. However, the types of customers that the company’s product and services groups serve are decidedly different, depending on their applications.
The creation of the three separate operating companies – Houston-based WWT International Drilling Tool Services, LLC and WWT International Coiled Tubing Services, LLC and Anaheim, California-based WWT International Engineering Services, LLC – enables each to fully focus on their respective core businesses and expertise.
The WWT Non-Rotating Protector™ (NRP)-related business will be part of WWT International Drilling Tool Services, LLC. The new company offers products and engineering services that improve drilling performance such as WWT Protectors™ for torque, drag and well integrity through casing wear control. Clive Mitchell, vice president, sales and operations, who has been with WWT International since 1996, will direct the new company.
WWT International Coiled Tubing Services includes WWT International’s record-setting WWT Coiled Tubing Tractor™, and other products and services such as the WWT Anti-Compression Sub™ (ACS) and the WWT Clean-Out Sub™ (COS).
“Our focus is on providing products and services that improve well intervention, stimulation and logging operations,” said Thomas Bragaw, vice president, sales and operations. Bragaw, who was a senior manager at WWT International for more than six years, will manage the new company.
The third company, WWT International Engineering Services, is dedicated to the development of custom engineered solutions and products for the oil and gas industry. It will be under the direction of Dr. N.B. “Bruce” Moore, vice president, who has been with WWT International for 19 years as Director of Engineering, and whose team has a proven track record of solving customer problems with innovative products for drilling and intervention.
“This new structure will allow WWT to continue providing our existing services as we introduce new products and services to the oil and gas industry, thereby making us more focused, efficient and responsive to the needs of our customers,” said Ernst Krueger, President and CEO. “The capable, dedicated employees who have impacted our success will remain in place and the transition will be practically seamless for those who do business with us.”