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readcasedhole.com

Founded Year

1990

Stage

Merger | Merged

About READ Cased Hole

READ Cased Hole is a specialist in oil and gas production and integrity evaluation. READ offers support across the life-of-field, providing the high-value well intelligence required to make qualified decisions about wells. The company was founded in 1990 and is based in Aberdeen, Scotland.On May 16th, 2022, READ Cased Hole merged with HydraWell Intervention.

READ Cased Hole Headquarter Location

Viking House 1 Claymore Avenue Aberdeen Energy Park

Aberdeen, Scotland, AB23 8GW,

United Kingdom

+44 (0)1224 336600

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Latest READ Cased Hole News

READ Cased Hole Names New MD

Aug 18, 2021

August 18, 2021 Kevin Giles, READ Cased Hole's new Managing Director READ Cased Hole, a provider of cased hole logging services and technologies to the global oil and gas industry, has appointed Kevin Giles as its new Managing Director. Prior to this role, Giles spent the last 3 years as READ Cased Hole’s Global Commercial Director. In his new position, he will be responsible for overall day-to-day management of the READ business worldwide, including all activities at its hub facilities in Aberdeen, Doha, Houston, and Anchorage where the company employs a 30-strong team. READ is majority-owned by Norwegian private equity firm, Norvestor. Giles said: “This is a significant time for our industry, and I am delighted to be stepping up to lead the READ business as we start to emerge from a long period of uncertainty and disruption. It’s never been more important for us to support new and existing customers and business partners looking for robust cased hole logging expertise.." Giles is a veteran of the well intervention market with more than 30 years of experience. Before he joined READ he spent six years at Welltec in senior management positions, and before that he worked with Schlumberger’s electric wireline business for 20 years, progressing from offshore-based operations to key client account management and then to the leadership of its UK cased-hole wireline business. Commenting on Giles' appointment, Tor Erling Gunnerød, Norvestor Equity Partner and Chairman of READ said: “Kevin’s knowledge of the global cased hole logging market, the technologies involved, and the needs of oil and gas operators is second to none. I have every confidence that Kevin will continue successfully growing READ’s international reach, customer base and service portfolio, and look forward to seeing the company emerge even stronger under his leadership. We are grateful to Bruce for his contribution and dedication to READ during his time as CEO.” READ said that Giles' appointment followed Bruce Melvin moving out of the current CEO role into a new position of Corporate Director, managing READ’s key shareholder relationships and M&A activities.

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  • When was READ Cased Hole founded?

    READ Cased Hole was founded in 1990.

  • Where is READ Cased Hole's headquarters?

    READ Cased Hole's headquarters is located at Viking House 1, Aberdeen.

  • What is READ Cased Hole's latest funding round?

    READ Cased Hole's latest funding round is Merger.

  • Who are the investors of READ Cased Hole?

    Investors of READ Cased Hole include HydraWell Intervention, Norvestor Equity and Scottish Loan Fund.

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