Drill Technology News

ExxonMobil has awarded to Pason Systems, Inc. the first global license of its patented Drilling Advisory System, a key component of the company’s Fast Drill technology suite. The licensing agreement accelerates the technology’s commercialization by combining Pason’s expertise in drilling data and ExxonMobil’s experience in drilling surveillance and optimization. Fast Drill combines high-end modeling of drilling physics with structured well planning and design to identify limiters and maximize performance. ExxonMobil’s drilling rate has improved more than 80 percent since introducing the Fast Drill process more than a decade ago. The…

China Oilfield Services Limited (COSL) choose Havyard 832 design for renewal supply vessel fleet, & order Havyard designs for 4 new vessels. COSL has the largest fleet of oil rigs and offshore vessels in China owning 34 drill rigs, 2 accommodation rigs, 4 module rigs and 8 land-based drill rigs as well as 75 supply vessels, 8 seismic vessels and 5 standby vessels. Havyard won this international tender in tough competition and they were chosen following an in-depth technical and commercial evaluation process made by COSL.