CETCO Oilfield Services broke ground on an $8 million Iberia Parish facility this week that will house its new coiled tubing division. Once built, the Hwy. 90 operation, located next to National Oilwell Varco, will add 60 employees to its workforce, which has grown to about 190 in the past two years.
Additionally, the project will employ 40 people during construction.
Although CETCO is a subsidiary of publicly traded AMCOL International Corp. of Hoffman Estates, Ill., local professionals are being used on the project: the contractor is J.B. Mouton Inc., developer is Paul Beaullieu, and The Duplantis Design Group is the architectural firm. The new build coincides with additional expansion of CETCO’s training facility in Broussard.
The 33,000-square-foot Iberia Parish facility includes a new office, warehouses and 6 acres of laydown yard.
Headquartered in Covington, CETCO offers solutions and services for all phases of worldwide oilfield production. In addition to coiled tubing, it provides water treatment, well testing, pipeline and nitrogen services.
The Houston firm said Friday in its weekly report that 1,575 rigs were exploring for oil and 338 for gas. One was listed as miscellaneous. A year ago there were 1,776 active rigs.
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Local 101 class Friday
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