FracTech on the hunt for partners

By Noah Brenner

 09 December 2011 01:21 GMT

FRACTECH is on the hunt for joint ventures to help it expand internationally and expects to have two to three deals in place to gain a foothold abroad, writes Noah Brenner.

The privately held US pressure pumper is in preliminary talks with four to five joint venture partners in countries including China, Argentina and Brazil and Middle East countries such as Saudi Arabia, chief executive Marc Rowland told Upstream.

“It will either take the form of longer-term dedicated contracts or even economic joint ventures,” Rowland said.

“It certainly wouldn’t be partnering with a local fracturing stimulation company or other services company as much as partnering with a local production operator, whether it is a government-owned entity or private entity or some combination.”

Increasingly, fracturing companies…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index