The oil and gas industry may very well be in good hands as a new player that bring technology and advancements will be entering the market soon. The Freudenberg Group has been intensifying business activities within the oil and gas industry for several years. Through OACIS, the Group will continue to strategically develop and foster its growth in this target market.
OACIS will focus its attention on the entire value stream – from the drill bit to the filling pump – which includes development and production (upstream) to transportation and storage (midstream) to processing and treatment at refineries (downstream).
OACIS brings together the product and service strengths of several companies with histories of providing superior sealing solutions to the oil and gas industry. Vestpak based in Sandnes, Norway; TBS based in Aberdeen, Scotland; Imperial Rubber based in Nisku, Alberta, Canada; Petroleum Elastomers and Tetralene based in Houston; and Simrit Oil & Gas based in Plymouth, Mich. provide the foundation for OACIS.
(Source) Press
Tags: business activities, drill bit, freudenberg, histories, oil and gas, oil and gas industry, oil gas, petroleum, refineries, storage