Wellbore Integrity Solutions (WIS) Company Profile
Background
Overview
Wellbore Integrity Solutions (WIS) is a global oilfield services provider specializing in wellbore integrity products and services. Established by industry veterans, WIS offers a comprehensive suite of solutions designed to enhance the life cycle of oil, gas, and geothermal wells. The company is headquartered in Houston, Texas, and operates in over 25 countries with more than 45 facility locations worldwide.
Mission
WIS is committed to creating a people-centric company that delivers profitability, growth, and a greener future. The company focuses on superior technology, value, and service quality for its customers.
Vision
To be recognized globally for innovative solutions that increase asset value, operational efficiency, and reduce environmental risk for all stakeholders.
Industry Significance
WIS plays a critical role in the oil and gas industry by providing services aimed at maintaining well integrity throughout the well life cycle. This focus helps in sustainable resource recovery and the prevention of wellbore failures, thereby enhancing operational efficiency and safety.
Key Strategic Focus
Core Objectives
- Enhance well integrity throughout the well life cycle.
- Provide sustainable resource recovery solutions.
- Prevent wellbore failures to ensure operational safety and efficiency.
Areas of Specialization
- Well Intervention Services: Fishing and remedial services, wellbore departure, well abandonment and slot recovery, wellbore cleanout, thru-tubing services, and fiberline intervention.
- Tubular Services: Inspection services, repair services, and manufacturing capabilities.
- Rental Tools Services: Provision of high-torque drill pipe, tubing, BOPs, and AccuTorque equipment.
- Engineering Services: Engineering and technical support services aimed at reducing wellbore risk profiles.
- Energy Transition Solutions: Comprehensive solutions portfolio delivering reliable and predictable performance.
Key Technologies Utilized
- Advanced well intervention tools and equipment.
- Proprietary inspection and repair technologies for tubulars.
- High-quality rental tools and surface equipment.
- Engineering methodologies focused on wellbore risk reduction.
Primary Markets Targeted
- Oil and gas exploration and production companies.
- Geothermal energy producers.
- Service companies and local partners in the energy sector.
Financials and Funding
Funding History
In December 2019, WIS was acquired by Rhône Capital, a private equity firm, marking a significant investment in the company's growth and expansion.
Recent Funding Rounds
In October 2025, WIS successfully secured a $125 million Nordic bond financing, with a total framework of $200 million.
Notable Investors
- Rhône Capital
Utilization of Capital
The capital raised is intended to support WIS's global operations, enhance technological capabilities, and expand service offerings to meet the evolving needs of the energy sector.
Pipeline Development
Key Pipeline Candidates
WIS focuses on developing and enhancing its suite of well intervention tools and equipment, inspection and repair technologies for tubulars, and high-quality rental tools and surface equipment. These developments aim to improve well integrity and operational efficiency for clients in the oil, gas, and geothermal industries.
Stages of Development
The company is continually advancing its product and service offerings through in-house inspections, engineering consulting, manufacturing, and product development. Specific timelines for anticipated milestones are not publicly disclosed.
Target Conditions
WIS's solutions are designed to address challenges in well intervention, tubular inspection and repair, and equipment rental, focusing on enhancing well integrity and operational safety.
Technological Platform and Innovation
Proprietary Technologies
- Red Baron® Brand: A well-established brand for fishing and remedial tools and services, reflecting WIS's dedication to innovation and global presence.
Significant Scientific Methods
- Advanced engineering methodologies focused on reducing wellbore risk profiles.
- Proprietary inspection and repair technologies for tubulars.
Leadership Team
Ed J. Boufarah
- Position: Chief Executive Officer
- Professional Background: Over 30 years of experience in the oil and gas industry, including leadership roles at Baker Hughes, General Electric, and ExxonMobil.
- Contributions: Joined WIS in July 2022, bringing extensive international commercial and operational experience.
Ty Lawrence
- Position: Chief Financial Officer
- Professional Background: Over 25 years of experience in finance, treasury, and investor relations, with previous roles at McDermott International and Acergy.
- Contributions: Joined WIS in December 2022, focusing on enhancing financial performance and strategic growth.
Graham Stronach
- Position: Chief Technology Officer
- Professional Background: Over 35 years in the Remedial, Intervention, and Drilling Tool businesses, with senior management roles at Schlumberger and Smith International.
- Contributions: Joined WIS in 2020, leading the Red Baron Global Product Line and Engineering team.
Nabeel Ahmed
- Position: Chief Human Resources Officer
- Professional Background: Over two decades in HR leadership roles at companies including US Steel, Halliburton, and Baker Hughes.
- Contributions: Joined WIS in 2020, focusing on transforming organizational culture and enhancing employee engagement.
Chris Beard
- Position: Vice President, Information Technology
- Professional Background: Over 30 years in information technology, with expertise in global IT infrastructure and business transformation.
- Contributions: Joined WIS in 2019, responsible for aligning IT operations with business strategies.
Shane Willoughby
- Position: Vice President and General Counsel
- Professional Background: 25 years of legal experience in global positions, including roles at McDermott and ExxonMobil.
- Contributions: Joined WIS in April 2023, overseeing legal affairs and corporate governance.
Trevor Brooks
- Position: Vice President, Global Sales and Commercial
- Professional Background: Over 29 years in the international oil and gas industry, with leadership roles at Aker Solutions and Schlumberger.
- Contributions: Joined WIS in 2019, focusing on driving sales growth and market expansion.
Paul Gonzales
- Position: Vice President, Supply Chain and Manufacturing
- Professional Background: Over 20 years in supply chain and manufacturing, with experience at Schlumberger and Smith International.
- Contributions: Joined WIS in 2020, responsible for global asset and inventory management.
Wes Heiskell
- Position: Vice President, North America
- Professional Background: 39 years in the oilfield industry, with senior roles at KLX and Viking Oil Tools.
- Contributions: Joined WIS in 2021, overseeing North American operations.
Alexey Nikitin
- Position: Vice President, Russia and Central Asia
- Professional Background: 18 years in the oil and gas industry, with experience at BP Joint Venture and Schlumberger.
