Innovex completes divestment of subsea tree product line
Innovex will retain intellectual property rights for the recently installed subsea tree orientation systems (VXTe) with the intent of licensing this technology to subsea tree manufacturers.
Alfred Hamer joined Palladian Publications in September 2024 after graduating from the University of Nottingham with a BA and an MA in Philosophy. In his spare time, he enjoys making coffee, playing guitar, and hiking with his brother.
Innovex will retain intellectual property rights for the recently installed subsea tree orientation systems (VXTe) with the intent of licensing this technology to subsea tree manufacturers.
This is ADNOC Drilling's fifth major and accretive contract in just over 2 months totalling up to US$4.8 billion.
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