NOV Inc.

27/08/2024 | Press release | Distributed by Public on 27/08/2024 21:29

NOV secures framework agreement with Aker BP for Downhole Broadband Solutions

News

NOV secures framework agreement with Aker BP for Downhole Broadband Solutions

NOV's M/D Totco™ business unit entered into a framework agreement with Aker BP that finalizes terms associated with the two companies' intent to deploy NOV's Downhole Broadband Solutions (DBS) across the operator's rig fleet in the North Sea.


Aug 27, 2024

NOV has been supporting Aker BP's offshore drilling operations utilizing DBS wired drill pipe services to transmit real-time, broadband data from sensors across the bottom hole assembly, and along the drill string on a semisubmersible rig since 2019. The data has allowed the operator to make better informed decisions resulting in improved drilling performance, optimized well placement, reduced risks, and improved production.


Under the new framework agreement Aker BP will begin deploying NOV's DBS technology on additional rigs beginning in early 2025.

"We have some great experience with NOV's Downhole Broadband Solutions technology over the last few years. We look forward to working very closely with NOV to expand its use across our rig fleet in order to maximize the value outtake that can be achieved," said Eamon Condon, VP Drilling and Wells - Alliance Support Team, Aker BP.

We are grateful for Aker BP's decision and eagerly anticipate the next phase of this collaboration. We extend our thanks to the Aker BP team for their exceptional support throughout this process.

Mats Andersen

Vice President Global Technical Sales, DBS

Learn more here.