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AFGlobal

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AFGlobal - Energy & Power showcase

Year Founded & Workforce

1985

Industry

Energy & Power

Services

MPD
A

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AFGlobal Overview

Company Headquarters: Houston, Texas, US

Founded: 1985

Company Working: AFGlobal is a manufacturing and technology specialist, which provides products and services to industries such as power generation, aerospace, general industrial and oil and gas. It operates through three business segments including onshore oil and gas, offshore oil and gas, and connectors and precision manufacturing. It has decades of experience in MPD and is enabling the manufacture of MPD ready rigs with the help of its workforce. It holds 351 patents for their MPD systems, which enables active control downhole pressure.

AFGlobal has five product segments including drilling, production, pressure pumping, industrial and applied technologies. Under the drilling segment, it offers the following services: MPD, riser integrity, integrated riser system, and drilling buoyancy. It has more than 20 facilities worldwide, to fulfill its manufacturing, engineering and technological requirements, meant for improving the services and products.

Strategy

AFGlobal has been focusing on acquisition, which will enhance its service portfolio, and eventually add to its bottom-line growth. It has, over the years, invested large amounts of money into research and development, for product development and technological advancement in its services. AFGlobal is constantly looking forward to expand its services, globally, for instance in 2011, the company inaugurated its new manufacturing facility in UK.

Company Snapshot

1985

Founded

Houston, Texas, US

Headquarters

SWOT Analysis

Strengths

  • Strong R&D department
  • The company has a years of experience in providing MPD services
  • Strong Global presence

Weaknesses

  • Smaller range of services offered in comparison to its competitors
  • Declining workforce, due to oil price slump

Opportunities

  • Through its engineering department, the company can develop more oilfield solutions to increase company’s exposure and revenue

Threats

  • Very high competition in the MPD market
  • Fluctuating prices of oil

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Key Developments

DateApproachDevelopment
July 2017–AFGlobal acquired Managed pressure Operations, a subsidiary of MHWirth. The acquisition has strengthened the company’s status as an OEM, and creates a complete MPD offering
June 2017–AFGlobal signed a new contract with Noble Corporation plc, to provide deep-water MPD, the collaboration will improve the performance of the well
May 2017–AFGlobal launched an MPD design concept non-rotating active control device, that can replace RCD in deep-water applications

Product Offering

  • AFGlobal
    • MPD

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