Western Atlas Logging Services to purchase Microline inspection technology.HOUSTON--(BUSINESS WIRE)--March 4, 1996--Western Atlas Logging Services, a division of Western Atlas Western Atlas was formed in 1987 through the merger of Western Geophysical (owned by Litton Industries) and Dresser Atlas. The resulting company was a joint venture of Litton and Dresser Industries until it was spun off as a publicly traded company in 1994. International Inc., has entered into an agreement with Microline Corp. of Traverse City, Mich., to acquire technology and exclusive marketing rights from Microline relating to magnetic flux leakage Magnetic flux leakage (MFL) is a magnetic method of nondestructive testing that is used to detect corrosion and pitting in steel structures, most commonly pipelines and storage tanks. The basic principle is that a powerful magnet is used to magnetize the steel. (MFL MFL Minimum Flows and Levels (ground water) MFL Modern Foreign Language MFL Magnetic Flux Leakage MFL Medium Flood (stage lighting) MFL Manitoba Federation of Labour ) inspection of pipelines and downhole casing and tubing. Previously, Western Atlas has offered its customers Microline technology as part of its pipe-inspection services, and these services have been well received in the oil and gas industry. ``By adding this technology to our existing inspection services, Western Atlas Logging Services has taken an important step in strengthening our position and ensuring our continuation as the technology leader in pipeline, casing and tubing inspection services,'' said James L. Gresham, senior vice president for Western Hemisphere operations. Western Atlas Logging Services and Microline have also entered into other arrangements under which Microline will work closely with Western Atlas in expanding the technology and service applications in the area of MFL inspection services of metal tubular goods. ``Microline Corp. is pleased to complete this technology agreement with Western Atlas Logging Services, the recognized leader in oilfield-casing inspection services,'' said Douglas W. Spencer, president of Microline. ``We are confident that this long-term relationship will benefit our customers through a renewed commitment to product development and improved service.'' Western Atlas Logging Services is a division of Western Atlas International Inc., a subsidiary of Western Atlas Inc. (NYSE NYSE See: New York Stock Exchange :WAI WAI Web Accessibility Initiative (W3C) WAI Where Am I? WAI Wales Arts International (UK) WAI Women in Aviation, International WAI Warm Air Intake WAI Web Application Interface ). Western Atlas is a leading worldwide supplier of oilfield- information services See Information Systems. and industrial-automation systems with total revenues of more than $2.2 billion. CONTACT: Western Atlas International Inc., Houston Harry Hobbs Jr., 713/972-4948 |
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