Successful completion of MSAS & VR Sensor installation campaign, offshore DenmarkThe end of 2023 also saw the successful completion of close to 150 VR Sensors & MSAS installations for a major IOC Redevelopment Project in the Danish Sector.
Agreement to acquire Iconic ASWe’re expanding our product portfolio and strengthening our position as a leading well-technology solutions provider with the acquisition of Iconic AS.
Safe sealing of oil and gas wells - Torstein Lange from Sintef discusses the robustness of our RockSolid™ barrier in Teknisk UkebladPermanent abandonment and zonal isolation of aging oil and gas wells is a global challenge. The environmental hazards posed by all these wells remain significant.
Agreement to acquire 100% shares in Petroleum Technology Company (PTC)We've entered into an agreement to acquire 100 % of the shares in PTC, the agreement which is conditional upon necessary regulatory approvals is expected to close towards the end of Q2 this year.
Our Inter Remote Bypass Valve (IRBV) 467-782 is now V0 qualified to 10,000 psi according to ISO 1431The IRBV allows for fluid bypass for circulation and/or fluid bypass while running in hole.
Successfully installing Gas Lift Straddles, with minimal well interventions, in a maturing subsea wellIt's always rewarding when people and technologies combine to deliver a project smartly and efficiently. Recently, our Aberdeen team worked closely with their client’s project team and a fellow service provider to install two of our Gas Lift Straddles, with minimal well interventions, in a maturing subsea well.