APICORP completes innovative Sharia-compliant facility for ORS in Algeria

Monday, May 9, 2016

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The Arab Petroleum Investments Corporation (APICORP), a multilateral development bank established in 1975 by the 10 member states of the Organization of Arab Petroleum Exporting Countries, announced the completion of an innovative Sharia-compliant financing facility for Oil Recovery Services SAL (ORS Sal), whose operations are based in Algeria. The financing was arranged in conjunction with Paris-based oil and gas private equity firm 4D Global Energy Advisors (4D GEA).

ORS Acquires Drilling Fluids Business Assets

Tuesday, July 16, 2013

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ORS International Ltd. (ORS) announced that its wholly owned U.S. Subsidiary ORS Holdings Inc. has acquired two drilling fluids business assets operating in the US.

The new company will operate under the name of ORS Fluids LLC.

ORS is an international group of companies specializing in:

  • Drilling/Completion Fluids Services & Engineering
  • Drilling Equipment & Integrated Drilling Packages (Offshore, Onshore)
  • Solids Control Equipment
  • Drilling and Production Waste Management Services

This acquisition marks ORS’s entry into the U.S. market and gives ORS an important new platform for the continued global expansion of its drilling fluids and waste management operations. ORS Fluids LLC is committed to providing operators with best-in-class drilling fluids and engineering services.