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.
Recommended Reading
DXP Enterprises Buys Water Service Company Kappe Associates
2024-02-06 - DXP Enterprise’s purchase of Kappe, a water and wastewater company, adds scale to DXP’s national water management profile.
ARM Energy Sells Minority Stake in Natgas Marketer to Tokyo Gas
2024-02-06 - Tokyo Gas America Ltd. purchased a stake in the new firm, ARM Energy Trading LLC, one of the largest private physical gas marketers in North America.
California Resources Corp., Aera Energy to Combine in $2.1B Merger
2024-02-07 - The announced combination between California Resources and Aera Energy comes one year after Exxon and Shell closed the sale of Aera to a German asset manager for $4 billion.
Vital Energy Again Ups Interest in Acquired Permian Assets
2024-02-06 - Vital Energy added even more working interests in Permian Basin assets acquired from Henry Energy LP last year at a purchase price discounted versus recent deals, an analyst said.
DNO Acquires Arran Field Stake, Continuing North Sea Expansion
2024-02-06 - DNO will pay $70 million for Arran Field interests held by ONE-Dyas, and up to $5 million in contingency payments if certain operational targets are met.