MHWirth Investing in Electrical Subsea & Drilling

Source: www.gulfoilandgas.com 9/25/2017, Location: Europe

MHWirth, Akastor subsidiary, becomes an owner and establishes a market and technology partnership with the Norwegian technology company Electrical Subsea & Drilling.

Electrical Subsea & Drilling (ESD) is working on the development and qualification of two drilling technologies; all electric control of Blow Out Preventers (BOP) and a durable Rotating Control Device (RCD) for Managed Pressure Drilling (MPD). MHWirth has over the last years developed new well barrier technology for BOP. This technology has now been transferred to ESD for the consideration of 20% of the shares in ESD.

"MHWirth's market apparatus and technical solutions combined with our control system and actuator technology represent a quantum leap for realizing our business ideas", says CEO John Dale in ESD. "Today's BOP technology is based on hydraulics, with disadvantages such as huge weight, high complexity with many sources of error, as well as challenges with regards to the external environment during operation and testing", continues Dale.

"Electro-mechanical operation of well-barrier functions and connectors for BOP is a revolutionary concept in the drilling industry and fits with today's focus on safety and reliability, digitalization, providing continuous Condition Based Monitoring and preventive maintenance", says Finn Amund Norbye, CEO in MHWirth.

ESD's drilling technology has been very well received by potential clients and authorities throughout the world.


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Related Categories: Blowout Preventers Ram, Rotary, Spherical & Annular  Casing, Tubing & Drill Pipes  Coiled Tubing  Drill Bits and Cutters  Extraction Equipment  General  Handling Tools  Hoisting Systems  Lubricating Equipment 

Related Articles: Blowout Preventers Ram, Rotary, Spherical & Annular  Casing, Tubing & Drill Pipes  Coiled Tubing  Drill Bits and Cutters  Extraction Equipment  General  Handling Tools  Hoisting Systems  Lubricating Equipment 


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