QMax Group acquired Environmental Solutions S.A.E (ES), allowing the group to enter the Egyptian market, Egypt Oil & Gas reported.
QMax provides innovative solutions and services in Drilling & Completion Fluids, Solids Control & Waste Management, Wellbore Cleanup, Transportation Services, and Technical Testing & Analysis Services.
The move added 280 employees to QMax family, including ES’ Founder, Tarek Roushdy, along with management team members.
Hassanien Youssef, appointed as Egypt’s Country Manager for Drilling Fluids as of June 1st, 2017, will be responsible for Egypt market-entry strategy.
Speaking to Egypt Oil & Gas, Youssef said “Our mission and goal as we prepare to enter the Egyptian market is to transfer QMAX’s global know-how and technical expertise into the local industry. We want to introduce new technologies in Drilling & Completion Fluids.”
The QMAXDRIL system has a proven industry track record as the standard in high-performance, ultra-inhibitive water-base drilling fluids for environmentally sensitive areas on and offshore including highly reactive shale formation, he added.
ES, a company providing waste management and solid control services to the oil and gas sector, operates in Egypt and Algeria.