Seadrill and Oil States Announce Strategic Collaboration to Enhance Offshore Managed Pressure Drilling (MPD) Operations
Seadrill (NYSE: SDRL) and Oil States International, Inc. (NYSE: OIS) have announced a strategic collaboration to enhance offshore Managed Pressure Drilling (MPD) operations. This partnership combines Oil States' MPD Integrated Riser Joint (IRJ) system with Seadrill's high-spec floating drilling vessels to improve safety and efficiency in offshore drilling.
The Oil States MPD IRJ offers several advantages, including improved gas influx handling, reduced nonproductive time, and easier handling. It features twin retrievable annular seals, a passive rotating control device bearing assembly, and eliminates the need for a wear sleeve. This collaboration aims to standardize MPD systems and make them more mainstream in offshore operations.
Seadrill (NYSE: SDRL) e Oil States International, Inc. (NYSE: OIS) hanno annunciato una collaborazione strategica per migliorare le operazioni di Managed Pressure Drilling (MPD) in mare. Questa partnership combina il sistema MPD Integrated Riser Joint (IRJ) di Oil States con le navi da perforazione flottanti di alta specifica di Seadrill per aumentare la sicurezza e l'efficienza nella perforazione offshore.
Il sistema MPD IRJ di Oil States offre diversi vantaggi, tra cui una gestione migliorata dell’afflusso di gas, un ridotto tempo non produttivo e una manipolazione più semplice. È dotato di sigilli anulare recuperabili doppi, di un'unità di assemblaggio per il dispositivo di controllo rotante passivo e elimina la necessità di una manica di usura. Questa collaborazione mira a standardizzare i sistemi MPD e a renderli più diffusi nelle operazioni offshore.
Seadrill (NYSE: SDRL) y Oil States International, Inc. (NYSE: OIS) han anunciado una colaboración estratégica para mejorar las operaciones de Managed Pressure Drilling (MPD) en alta mar. Esta asociación combina el sistema MPD Integrated Riser Joint (IRJ) de Oil States con los buques de perforación flotantes de alta especificación de Seadrill para mejorar la seguridad y la eficiencia en la perforación offshore.
El sistema MPD IRJ de Oil States ofrece varias ventajas, incluyendo un mejor manejo del ingreso de gas, reducción del tiempo no productivo y manipulación más fácil. Presenta sellos anulares recuperables dobles, un conjunto de rodamientos para un dispositivo de control rotativo pasivo, y elimina la necesidad de una manga de desgaste. Esta colaboración tiene como objetivo estandarizar los sistemas MPD y hacerlos más comunes en las operaciones en alta mar.
Seadrill (NYSE: SDRL)과 Oil States International, Inc. (NYSE: OIS)은 해양 Managed Pressure Drilling (MPD) 작업을 향상시키기 위한 전략적 협력을 발표했습니다. 이 파트너십은 Oil States의 MPD Integrated Riser Joint (IRJ) 시스템과 Seadrill의 고사양 부유형 드릴링 선박을 결합하여 해양 시추에서 안전성과 효율성을 높입니다.
Oil States MPD IRJ는 개선된 가스 유입 처리, 비생산 시간 단축, 더 쉬운 핸들링 등 여러 가지 장점을 제공합니다. 이 시스템은 쌍둥이 회수 가능한 원형 실링, 수동 회전 제어 장치 베어링 조립체를 특징으로 하며 마모 슬리브의 필요성을 제거합니다. 이 협력의 목표는 MPD 시스템을 표준화하고 해양 작업에서 더 주류로 만들고자 하는 것입니다.
Seadrill (NYSE: SDRL) et Oil States International, Inc. (NYSE: OIS) ont annoncé une collaboration stratégique pour améliorer les opérations de Managed Pressure Drilling (MPD) en mer. Ce partenariat combine le système MPD Integrated Riser Joint (IRJ) d'Oil States avec les navires de forage flottants haut de gamme de Seadrill afin d'améliorer la safety et l'efficacité dans le forage offshore.
Le système MPD IRJ d'Oil States présente plusieurs avantages, y compris une meilleure gestion des influx de gaz, un réduction du temps improductif et une manipulation plus facile. Il est équipé de joints annulaires récupérables doubles, d'un dispositif de contrôle rotatif passif et élimine le besoin d'un manchon d'usure. Cette collaboration vise à standardiser les systèmes MPD et à les rendre plus courants dans les opérations offshore.
Seadrill (NYSE: SDRL) und Oil States International, Inc. (NYSE: OIS) haben eine strategische Zusammenarbeit angekündigt, um Offshore-Managed Pressure Drilling (MPD) Operationen zu verbessern. Diese Partnerschaft kombiniert das MPD Integrated Riser Joint (IRJ)-System von Oil States mit den hochspezifizierten, schwimmenden Bohrschiffen von Seadrill, um Sicherheit und Effizienz bei Offshore-Bohrungen zu erhöhen.
Das Oil States MPD IRJ bietet mehrere Vorteile, darunter eine verbesserte Handhabung von Gasinfluxen, verringerte nicht produktive Zeit und einfache Handhabung. Es bietet doppelte zurückholtbare annular seal, eine passive rotektionssteuerungsbaugasse und beseitigt die Notwendigkeit eines Abnutzungsrohres. Diese Zusammenarbeit zielt darauf ab, MPD-Systeme zu standardisieren und sie in Offshore-Operationen verbreiteter zu machen.
- Strategic collaboration between Seadrill (SDRL) and Oil States (OIS) to enhance offshore MPD operations
- Oil States' MPD IRJ system reduces nonproductive time in deepwater MPD operations
- Improved safety and efficiency in offshore drilling through advanced technology
- Potential for increased market share in offshore drilling services
- None.
Insights
This collaboration between Seadrill and Oil States is a significant development in offshore drilling technology. The integration of Oil States' MPD Integrated Riser Joint (IRJ) system with Seadrill's fleet could lead to substantial improvements in safety and efficiency for deepwater operations. Key benefits include:
- Reduced non-productive time (NPT)
- Enhanced gas influx handling
- Simplified MPD standardization
- Improved seal and bearing life
While the immediate financial impact isn't quantified, this collaboration positions both companies favorably in the competitive offshore drilling market. For investors, this signals potential long-term value creation through technological differentiation and operational excellence.
The Oil States MPD IRJ system represents a notable advancement in managed pressure drilling technology. Its compact design and on-deck testing capabilities address critical challenges in deepwater operations. The
This strategic collaboration highlights a proactive approach to risk mitigation in offshore drilling. The enhanced safety features of the MPD IRJ system, particularly in gas influx handling, could reduce the likelihood of costly incidents. From an investor's perspective, this may translate to lower insurance premiums and reduced operational risks for Seadrill. However, it's important to note that new technology adoption often comes with its own set of challenges. Investors should watch for any initial implementation issues or unexpected downtime during the transition period. The long-term success will depend on consistent performance and the ability to demonstrate tangible safety improvements across Seadrill's fleet.
Collaboration Aims to Transform Offshore Drilling Efficiency and Safety, Bringing MPD into Mainstream Operations
Oil States MPD Integrated Riser Joint (IRJ) is prepared for loading onto Seadrill’s West Polaris rig in
Oil States’ field-proven MPD IRJ improves the safe handling of gas influx while significantly reducing nonproductive time (NPT) typically encountered with deepwater MPD operations. Unlike legacy equipment, Oil States’ IRJ is specifically designed to enhance MPD operational efficiency. This riser joint is more compact, allowing for safer and easier handling with greater functionality, which enables the rig to remain over the well while testing the retrievable seals within the joint. All features of the IRJ can be function and pressure tested while on deck. The IRJ is equipped with twin retrievable annular seals, a passive rotating control device (RCD) bearing assembly and hard-faced bore that eliminates the need for a wear sleeve. Collectively, these advances reduce NPT and unnecessary trips while promoting longer bearing and seal life. With the IRJ, MPD operations are seamless and streamlined, which supports Seadrill’s MPD standardization efforts while delivering safer, more efficient operations to their customers.
Oil States President and CEO, Cindy Taylor commented, “Oil States would like to thank Seadrill for their commitment and trust in our ability to deliver market-leading technologies. We look forward to a long-term relationship with Seadrill as we supply them with multiple MPD IRJs for their fleet of high-performance vessels. While supporting Seadrill’s adoption and integration of our MPD system, we endeavor to optimize our equipment to allow for oil and gas reserves to be unlocked safely and efficiently to meet growing global energy demands.”
Samir Ali, Executive Vice President, Chief Commercial Officer, Seadrill commented: “We are enthusiastic about this strategic collaboration with Oil States. This technology places Seadrill at the forefront of safe, cost-effective deepwater MPD services, offering our customers an unrivaled simplicity of MPD drilling while providing the highest levels of drilling efficiency and safety.”
To learn more about Seadrill’s industry-leading MPD capabilities, visit: Managed Pressure Drilling - Seadrill Limited (NYSE:SDRL) and watch here.
To learn more about the Oil States MPD Integrated Riser Joint, visit: Oil States MPD Systems
About Seadrill
Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations around the globe. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies.
For more information, please visit Seadrill’s website at www.seadrill.com.
About Oil States
Oil States is a global provider of manufactured products and services to customers in the energy, industrial and military sectors. The Company's manufactured products include highly engineered capital equipment and consumable products. Oil States is headquartered in
For more information, please visit Oil States’ website at www.oilstatesintl.com.
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Seadrill Company Contact
Jacob Taylor
Seadrill, Ltd.
Director of Business Development
Jacob.Taylor@seadrill.com
Oil States Company Contact
Lloyd A. Hajdik
Oil States International, Inc.
Executive Vice President, Chief Financial Officer and Treasurer
+1-713-652-0582
Source: Oil States International, Inc.
FAQ
What is the purpose of the collaboration between Seadrill and Oil States?
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