Acquisition Completion

Acquisition Completion

Acquisition Completion

2021-04-01

#TAQA announces the completion of its acquisition of Azr Technologies, the Dhahran-based electric wireline well logging company, which will facilitate TAQA’s expanding Well Services operations, and broaden its scope for customers delivering integrated petrophysical, reservoir and geological subsurface data critical to well performance and reservoir evaluation in both rig and rigless operations. The acquisition falls in line with TAQA’s plans of expanding operations in the Middle East and North Africa region (MENA).

“This acquisition is an especially exciting advancement of our service offering at TAQA, as it brings a local highly specialized Saudi company established only a few short years ago with funding from Wa’ed, the Saudi Aramco Entrepreneurship Support Organization, into the TAQA group. We are very excited by the potential AZR Technologies brings to the table,” said Khalid Nouh, Chief Executive Officer, TAQA.