FMC Technologies announced today that it has acquired certain assets of Galaxy Oilfield Service Ltd., based in Edmonton, Alberta, Canada. Galaxy is the market leader in the supply of unique, high temperature equipment used in the thermal well production of Canadas oil sands.
This acquisition enables FMC Technologies Surface Wellhead business to expand its heavy oil extraction capabilities and address the projected growth of oil sands production in Canada and into other heavy oil markets around the world.
Galaxy is a leader in the specialty wellhead market and we are proud to have them as part of FMC Technologies, said Peter D. Kinnear, President and Chief Operating Officer, FMC Technologies. We believe this technology will enhance our ability to meet the needs of the growing Canadian oil sands market.