Tenaris announced today it has completed the acquisition of onshore hydraulic fracturing and wireline assets from Baker Hughes Argentina, including a pressure pumping fleet, coiled tubing unit and related equipment.
Javier Martínez Álvarez, Tenaris President for the Southern Cone stated: “This acquisition will enable us to become a relevant player in the onshore non-conventional services sector, and particularly for the Vaca Muerta shale play. This is a path we began in 2019 with the operation of a first Coiled Tubing unit. We look forward to expanding our product and services offering to our customers in the region”.
Tenaris is a leading manufacturer of steel tubes and related services for the global energy industry and certain other industrial applications.