Weatherford International Plc has signed a memorandum of understanding (MoU) with Safe Influx, the provider of automated well control technology, the company said on Sept. 23. Under the MoU, the companies will cooperate globally to focus on revolutionizing well integrity during the construction phase by bringing to market the first ever integration of managed pressure drilling (MPD) solutions and automated well control technology.
“This unprecedented collaboration will leverage digitalization and automation to enable operators to achieve more from their projects in the safest way possible, while having the confidence their wells will be drilled and constructed with the highest level of integrity available in the market today,” Kevin Fisher, vice president of managed pressure drilling at Weatherford, said.
As part of the MoU, Safe Influx will combine its automated well control technology with Weatherford’s comprehensive portfolio of MPD products and services. This industry first integrated offering will automate the mitigation of drilling hazards, while drilling in the most efficient manner possible. This cooperation creates market-expansion opportunities, allowing both companies to expand their capabilities and resources.
“Safe Influx automated well control technology has a revolutionary role in the Managed Pressure and conventional drilling markets by dramatically reducing our industry's exposure to human factors,” Bryan Atchison, co-founder and managing director of Safe Influx, said.
The disappointment at Hassa-1 comes after Exxon said in November its crude discovery at the Tanager-1 well in the Kaieteur block was not financially viable on its own.
In a separate statement, TNOG owner Heirs Holdings said it had taken a 45% stake in the field, acquiring the stakes of Shell, Total and Eni.
The oil and gas rig count rose 13 to 373 in the week to Jan. 15, its highest since May, according to Baker Hughes Co.