Premium Oilfield Technologies Acquires Global Drilling Support (GDS)

Updated 1 year 10 months ago

Premium Oilfield Technologies has executed agreements to buy Global Drilling Support (GDS). The acquisition of certain of the GDS entities is closed and was effective immediately as of Oct 31, 2019, and the acquisition of a smaller operation of GDS is part of a separate agreement which is subject to customary closing conditions and is expected to occur in 1Q 2020.

Founded in 2008 by Keith Holliday and Paul Nicholson, GDS is a provider of aftermarket service for both third-party and GDS manufactured top drives, providing a comprehensive range of top drive repair, recertification, and overhaul services. Through its API Q1 and 8C operations in Houston and Midland/Odessa (USA), Dubai (UAE), and Tyumen (Russia), GDS repairs and recertifies top drives, and also stocks and distributes spare parts for most OEM top drive manufacturers.