A leading manufacturer of high-value consumable downhole drilling, cementing and completions products.
Overview
Varel’s products are highly engineered, critical components for the drilling and completion of conventional oil and gas wells.
In the majority of instances, the company’s products are consumed during these operations or permanently cemented into the wellbore.
Varel operates approximately 1.1 million square feet of low-cost manufacturing centres located in Mexico, India and Saudi Arabia, strategically servicing local markets.
01
Supported by structural market tailwinds — growing energy demand, the criticality of energy security and increasing well complexity.
02
Production of high-value consumable downhole products using differentiated technologies and a low-cost production base.
03
Diversified, blue-chip energy customer base backed by long-term managed-service-agreement contracts.
04
Strong management team, with a Chairman and CEO involved in the business since 1998 and 2007 respectively.
Acquisitions completed under Bluewater ownership, extending Varel’s downhole product platform.