Gulf Oil and Gas accountACCOUNT

Canrig Licenses Selected MPO Drilling Technologies

Source: www.gulfoilandgas.com 9/19/2011, Location: Europe

Nabors Industries Ltd. (NBR) announced its wholly owned subsidiaries Canrig Drilling Technology International Ltd. and Canrig Drilling Technology Ltd. (collectively, "Canrig") have entered into long-term agreements with Managed Pressure Operations International Ltd. ("MPO") whereby Canrig will license from MPO certain technologies related to managed pressure drilling ("MPD"). MPO is a leading provider of MPD solutions including its Non-Stop Driller and Total Control Driller. The Canrig license is exclusive to several major onshore markets, including North, Central and South America and Saudi Arabia. In addition, Canrig will have non-exclusive rights in other onshore markets. The agreements also facilitate technological and engineering collaboration between Canrig and MPO in developing more advanced, cost-efficient MPD systems.

Chris Papouras, Canrig's President, commented, "Over 70% of Nabors US rigs are doing some form of managed pressure drilling utilizing third party equipment and technology. A primary goal of this venture is to develop and implement a fleet of MPD-Ready(TM) rigs across the global operations of Nabors utilizing these leading edge technologies. We extensively evaluated the various MPD systems and concluded that MPO was the best alternative to facilitate our entry into this growing area, while creating economies and efficiencies for our customers."

Charlie Orbell, CEO of MPO, commented, "The relationship with Nabors and Canrig allows for a rapid deployment of our leading edge technology within Nabors' key onshore markets while MPO builds its business in the other land markets and offshore. This agreement will also lead to the further development of MPD systems that will help customers drill wells faster, safer and at a lower cost."

Drilling & Well Services >>

Drilling & Well Services News in United Kingdom >>

United Kingdom >>  5/15/2020 - Petrofac Limited (“Petrofac”) is holding its Annual General Meeting. In an update to shareholders, Chief Executive Ayman Asfari will comment: ...
Denmark >>  5/4/2020 -  Saipem has been awarded a contract by GAZ-SYSTEM S.A. for the transportation and installation of a natural gas pipeline between Denmark and Poland in...

Norway >>  4/30/2020 - The hybrid jack-up rig Maersk Intrepid has been awarded a contract for the drilling of three wells and plugging of one on the Martin Linge field. Maer...
Norway >>  4/29/2020 - The Norwegian Hydrographic Service has awarded Fugro another hydrographic survey contract as part of the MAREANO seabed mapping programme, financed by...

Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


United Kingdom Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 |

More News

Related Links

00 AL AT BE BG CH CY CZ DE DK ES FI FR GR HR HU IE IT NL NO PL PT RO SE SI TR UK
Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.