It is anticipated that the employees supporting the contract will be retained and future operations will be provided by PathFinder through the newly completed Smith facility in Macae, Brazil.
The company further added that the new base is a facility bringing together all the oilfield segment divisions of Smith under one roof. The addition of this contract provides an initiative to provide drilling services to Brazil and the region.
Brent Janner, president of PathFinder Energy Services, said: “This deal provides a significant operating base for Smith and PathFinder in one of the fastest growing markets in the world. We are confident this transaction is a key step to expanding our formation evaluation and directional drilling services throughout Latin America.”
