HUNTING PLC Overview
Company Headquarters: UK
Founded: 1989
Workforce: ~ 500
Company Working: Hunting Plc operates as a holding company engaged in the development and exploration of oil and gas. It operates through the segments of well construction, well completion, well intervention, and exploration and production. The well construction segment offers drilling tools, connection technology equipment, and electronics for the drilling phase of wells. The well completion segment provides services for the completion phase of oil and gas wells. The well intervention segment covers offerings meant for repair, maintenance, and restoration of existing oil and gas wells. The exploration and production segment offers oil and gas exploration and energy generation services. The company operates globally.
Strategy
Hunting PLC follows a mix of organic and inorganic growth strategies. The company focuses on strategic mergers and acquisitions to strengthen its portfolio of products and services. For instance, in August 2019 it acquired RTI Energy Systems Inc. to expand its offshore drilling business. The company also focuses on partnerships to expand its market presence, which is evident from its partnership with Jindal SAW Ltd for manufacturing casing and tubing materials.
