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Robotic Drilling Systems sold to Nabors Industries

06 Sep 2017

Nabors Industries has acquired Robotic Drilling Systems from Odfjell Drilling, Statoil, Investinor and Westcon et seq. The company has for 12 years worked on developing an automated drill floor robot. Several test projects have been launched on the test facilities rig Ullrigg, situated close to Stavanger.

The system will also be used  on the rig Deepsea Atlantic, which is owned by Odfjell Drilling and operates on the Sverdrup field. The system will fully automate drill floor operations like tool and pipe handling.

We advised the sellers in the transaction.

Matter Type
M&A: Seller's Counsel
Industry
Energy & Utilities
News Category
M&A
Energy, Utilities & Natural Resources