Tetra Technologies Overview
Tetra Technologies, Inc., is a diverse oil and gas services company, established in the year 1981 with headquarters in the Woodlands, Texas, the U.S. The company mainly offers services in sectors such as Chemicals, Compression Services, Production Testing, Rig Cooling Services, Water Management Solutions, Fluids, Production Testing, Compression and Offshore operations. Moreover, they manufacture brine fluids, additives and products for oil and gas industry for using in well drilling, completion and work over operations.
Tetra Technologies, Inc. chiefly operates in regions such as United States, Latin America, Europe, Asia, the Middle East and Africa. They have production locations in countries such as Argentina, Brazil, Canada, Kurdistan, Mexico and Saudi Arabia. The offshore division offers Downhole and subsea services such as well plugging and abandonment, work over services and decommissioning and construction services through heavy lift barges and various cutting technologies.
The company has 3,000 full time employees across various continents. The subsidiaries of the firm include Greywolf Energy Services, Optima Solutions Holdings Limited, CSI Compressco LP and TETRA Arabia. Tetra Technologies, Inc. competes with companies such as AF Gruppen ASA, Ramboll Group A/S, Aker Solutions ASA, Amec Foster Wheeler and John Wood Group PLC.
Strategy
Tetra technologies strategizes is to compete on the basis of superior services at a competitive price. The company sees its key strategy in integrating fluid research and global manufacturing capabilities in developing new technologies. This is mainly done to optimize costs, expand customer base and to exhibit Tetra technologies diverse capabilities and enter specific international markets. Moreover, the company sees its long term growth strategy as expansion of core business through internal acquisitions that can help reduce demand on financial measures and also enhance liquidity through strategic operations.
In 2015, Tetra Technologies, Inc., acquired Compressor Systems, Inc. a Limited Liability Company that has full range of compression products and servicesand covers compression needs throughout the entire natural gas production and transportation cycle to natural gas and oil producing clients. Also, the discovery of TETRA CS Neptune product, has contributed majorly to the revenue of Tetra technologies operations in Gulf of Mexico in 2015.
