Wellstream International

Company History Wellstream was founded in 1983 in Panama City, Florida USA. In the period prior to the company's acquisition by Dresser Industries in 1995, Wellstream established itself as niche market manufacturer supplying products to a broad range of offshore developments worldwide. Following acquisition, Wellstream began to emerge as a significant market player, securing the largest flexible pipe contract ever to be awarded to that date from Norsk Hydro in 1995 as part of the Troll Ojle and Gas development offshore Norway. This led, in 1996, to approval for the construction of a state-of-the-art manufacturing facility in Newcastle upon Tyne, UK and its subsequent opening less than 12 months later in 1997. In 1998, Wellstream became part of Halliburton, following the merger of Dresser Industries with Halliburton Company. Wellstream continued to cement its market position during this period with continuing product development, becoming the first company to qualify products fo... [Details]