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

Odfjell Drilling Takes Major Stake in Robotic Drilling Systems

change text size

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?

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
 -  Petronas Carigali Extends BW Offshore'... (Oct 30)
 -  AWE, Santos Progress Development of In... (Oct 30)
 -  Eni Mulls Partnership with Pemex in Me... (Oct 30)
 -  UK Juniors Apply for Isle of Wight Lic... (Oct 29)
 -  Oilfield Suppliers Launch Products, Se... (Oct 29)
Most Popular Articles
From the Career Center
Jobs that may interest you
Wireline Field Operator
Expertise: Wireline Operator
Location: San Antonio, TX
 
Quality Assurance Specialist
Expertise: QA / QC / Inspection
Location: Navasota, TX
 
Quality Control Inspector I
Expertise: QA / QC / Inspection
Location: Broussard, LA
 
search for more jobs