Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Oil Firms Support Norwegian Robot Rig Technology

change text size

Statoil, ConocoPhilips and Norske Shell are teaming up with WeST Drilling Products to help develop a new fully-robotized drilling technology.

The ‘Continuous Motion Rig’ technology enables continuous drilling and, promises WDP, “substantial efficiency improvements” that will result in cost reductions. Additionally, the CMR technology can help achieve several well-related improvements, including better pressure control and reduced differential sticking.

The pilot project will see WDP build a drilling rig that will not only demonstrate CMR but also enable technology from other companies to be tested. The research rig is also expected to strengthen the drilling technology cluster in the Stavanger region.

With a development budget of $33 million (NOK 190 million), including a grant from the Norwegian Research Council of NOK 40 million, the project will have three chief goals: new field development on the Norwegian Continental Shelf through new and cost efficient technology and implementation models; increased safety for implementation within budget and plan; and new Norwegian industrial products for sale around the world.


 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Cuadrilla Consults Residents Ahead of ... (Apr 23)
 -  CNOOC Reports 1Q 2014 Net Production o... (Apr 23)
 -  BP Sells Interests in Four North Slope... (Apr 23)
 -  PetroChina Aims to Produce 92 Bcf of S... (Apr 22)
 -  Cosco's Subsidiaries Bag $100M Contrac... (Apr 22)
Most Popular Articles
From the Career Center
Jobs that may interest you
Crane Mechanical Technician - Offshore
Expertise: Crane Operator, Mechanic, Rig Mechanic
Location: Qatar
 
Cementing Field Operator III
Expertise: Cementing, Field Service Tech, Heavy Machinery Operator
Location: Victoria, TX
 
Quality Tool Inspector
Expertise: Maintenance Technician, QA / QC / Inspection, Toolpusher
Location: Lafayette, LA
 
search for more jobs