Archer Limited : Archer acquires X-it Casing Exit Systems
Hamilton, Bermuda (April 12, 2012) Archer Limited today announce the purchase of X-it Energy Services. X-it develop and manufacture proprietary single-trip milling systems used for casing exits including controlled directional, multi-lateral and sidetrack drilling. Commenting on the acquisition of the Aberdeen based firm, Archer's Vice President Oil tools, Rolf Egil Håland said, "This acquisition further increases our ability to serve our clients by adding additional unique well service tools to our line of specialized well integrity and well performance products and services. The