Intellilift and Transocean create digital well construction JV
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
Inteliwell’s digital well construction solution will integrate digital systems for well construction, drilling control and real-time data monitoring. The software solution interfaces with the drilling rig’s control system to autonomously execute tasks outlined in the well plan, serving to expedite the well construction process. Additionally, an integrated real-time monitoring platform will measure downhole progress and evaluate conditions in the well to provide critical, precision-enhancing feedback to the drilling control system.
“Intellilift has already digitized and facilitated increased automation and remote-controlled operations onboard offshore vessels and drilling rigs. Through this JV with Transocean, Intellilift will benefit from the driller’s global footprint and well construction expertise, accelerating adoption of this disruptive rig automation solution,” said Preben Liltved, CEO of Nekkar ASA.
Stig Trydal, managing director of Intellilift added: “In short, the JV will provide software solutions (SaaS) that allow operators to further improve the consistency of their operations while reducing drilling costs through more reliable and faster drilling operations”.
Intellilift, which is owned 50.67% by Nekkar, will contribute development resources, licenses for existing software and other services into the JV, which has been established as a separate legal entity. Capital contributions by Intellilift are currently not contemplated. Intellilift will hold a 33% ownership in the JV.
Read the latest issue of Oilfield Technology in full for free: Issue 3 2021
Oilfield Technology’s third issue of 2021 starts with a report from Wood Mackenzie focusing on the upstream industry’s fortunes in Asia-Pacific. The rest of the issue is dedicated to features covering offshore engineering, coiled tubing, frac technology, completion technologies, water management, well placement and much more.
Exclusive contributions come from Wild Well Control, Cudd Pressure Control, TMK, NOV, Archer, Tendeka, TETRA Technologies and more.
Read the article online at: https://www.oilfieldtechnology.com/digital-oilfield/28102021/intellilift-and-transocean-create-digital-well-construction-jv/
You might also like
Rhino Resources and Halliburton to sign contract for integrated deep-water services offshore Namibia
Halliburton Company has announced it has been awarded a deep water integrated multi-well construction contract by Rhino Resources, a private company engaged in both onshore and offshore energy exploration in Africa.