Odfjell Drilling Takes Major Stake in Robotic Drilling Systems

Norway's Odfjell Drilling reported Friday that it has become the major shareholder in Robotic Drilling Systems AS. 

Odfjell's interest in RDS is its system that Odfjell believes has the potential to become "the next-generation drill-floor technology", leading to improvement in safety and efficiency in drilling operations.

RDS has developed its robotic drill-floor system ready for a full-scale test in 2015, with a further offshore test in 2017. The new system can be implemented both on existing and new drilling rigs. The system consists of five complementary components that constitute one autonomous robotic drill-floor system.

The deal has seen Odfjell invest an initial tranche of NOK 50 million in RDS, with the expectation that it will invest a further NOK 35 million in a future share issue.



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

WHAT DO YOU THINK?

Click on the button below to add a comment.
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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Zion Granted Approval to Drill Well On... (Dec 2)
 -  Production Drilling Begins at Mariner ... (Dec 2)
 -  Subsea 7 Secures Services Contract wit... (Dec 2)
 -  Eni: Oil Worker Dies Following Congo P... (Dec 2)
 -  FAR Refutes Claims that it cannot Farm... (Dec 1)


Most Popular Articles

From the Career Center
Jobs that may interest you
System Development Engineer, Mechanical
Expertise: Mechanical Engineering
Location: Ottawa, KS
 
Mechanical Engineer
Expertise: Mechanical Engineering
Location: Somerset, PA
 
US, Kilgore, TX: Mechanic Technician I - III
Expertise: Mechanic
Location: Kilgore, TX
 
search for more jobs

Brent Crude Oil : $54.46/BBL 0.96%
Light Crude Oil : $51.68/BBL 1.21%
Natural Gas : $3.44/MMBtu 1.99%
Updated in last 24 hours