A step to ambitious plans implementation

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Basically the deal has been done earlier. On May the information about proposed merger has already been announced. Thierry Pilenco who will serve as Executive Chairman of the combined company said that important stage to build a new offering, driving change by redefining the production and transformation in the oil and gas industry has been reached.

Two companies now see this as a possibility to speed up technologies development, better project’s running and in such a way being able to offer better business deal to customers.

So far that does not mean that combined company will start to operate, say, tomorrow. There are some procedures to be finished yet. Maybe the most important of them is approving by shareholders of both companies. As for now it is expected that transaction will be completed in early 2017.