Superior Drilling Products Inc. (AMEX: SDPI) said Nov. 15 it has executed an agreement with a subsidiary of Odfjell Drilling Ltd. to launch a Middle East short-term joint market development program around its patented Drill-N-Ream (DnR) well bore conditioning tool.
Under the development agreement, Odfjell and SDP will demonstrate the DnR’s capabilities with a large Middle East operator in Kuwait.
The DnR is a unique drilling tool technology that conditions the well bore simultaneously while drilling the well bore, driving efficiencies by reducing days on well, increasing penetration rates and extending the life of the bottom hole assembly.
“We are pleased that Odfjell recognized the value of the DnR and are looking forward to establishing a distribution agreement with them in the not so distant future,” Troy Meier, chairman and CEO of SDP, said.
Azinor Catalyst Ltd., the Seacrest Capital Group-backed E&P company focused on the U.K. Continental Shelf, has committed to the Oil and Gas Authority on May 3 to the drilling of two wells in 2020.
By harnessing the power of data, digital and more, oilfield service provider NOV is transforming its approach to tackling the industry’s toughest challenges.
Qatar Petroleum has awarded eight drilling contracts for its North Field gas expansion project, it said on May 1.