MORPHEUS ENERGY SERVICES ANNOUNCES STRATEGIC PARTNERSHIP WITH CANADA’S PROSTAR ENERGY AND SECURES FINANCING FROM TRIWEST CAPITAL
PRESS RELEASE - Brisbane, Australia
March 5, 2021
Morpheus Energy Services (“Morpheus”), a new, Australian based, workover and completion well service specialist, is pleased to announce that it has secured exclusive access to automated rig
technology manufactured by Prostar Energy LP (“Prostar”). Prostar’s rig technology, in combination with the Morpheus team’s extensive experience in the well service industry in Australia, brings leading service rig technology to the Australian marketplace. Morpheus is
scheduled to have its first fully automated service rig, using Prostar technology, available in the marketplace in the second half of 2021,
with manufacturing of rig components in Queensland, Australia commencing in the coming months.