TOFP is now a subsidiary of San Antonio-based Group 42’s Well Flow Oilfield Services Holdings
SAN ANTONIO — Group 42 CEO Paul A. Bell announced today the addition of Texas Oilfield Fabrication & Pipeline (TOFP) to the Group 42 family of companies. The purchase by U.S. subsidiary Well Flow Oilfield Services Holdings adds pipeline and fabrication services to Group 42, expanding its footprint substantially in the U.S.
Group 42 is an energy-focused holding company based in San Antonio. Its subsidiaries include Well Flow International whose specialty chemicals and services support enterprise class producers in the Arabian Gulf, North Sea and West Africa, as well as North America.
Group 42’s purchase of TOFP is part of its long-term strategic plan and provides a platform to expand domestic operations to customers in North America. Group 42 intends for TOFP to be key to taking advantage of the more rapid recovery of the domestic energy sector by building a complete range of well site and pipeline construction services. Well Flow will continue to focus efforts on the sale of its specialty chemicals that have been provided to enterprise class and international energy exploration companies for more than 30 years.Read More