HAMILTON, Bermuda, Sept. 5, 2017 /PRNewswire/ -- Nabors Industries
Ltd. ("Nabors") (NYSE: NBR), today announced that it has acquired
Stavanger based Robotic Drilling Systems AS ("RDS"), a provider of
automated tubular and tool handling equipment for the onshore and
offshore drilling markets. This transaction integrates the highly
capable RDS team and product offering with the technology
portfolio of Canrig, Nabors rig equipment subsidiary, and
strengthens the development of its drilling automation
solutions.
The RDS modular systems are applicable both in onshore and
offshore markets, on new builds as well as retrofits.
The applicability of RDS's technologies to offshore drilling
applications provides additional opportunities to further develop
Canrig's global scale and customer base. The development of this
innovative technology has received significant funding from major
global exploration and production companies as well as
industry and governmental sponsors.
Nabors operates the largest global land drilling fleet and by
combining the RDS portfolio with the automation features of its
Rigtelligence® operating system, Nabors is uniquely positioned to
integrate and scale this technology into its global rig footprint.
This expanded capability will enable Nabors to further improve
operational efficiency and drilling performance offering a superior
value proposition to its clients.
Nabors' Chairman, President and Chief Executive Officer
Anthony G. Petrello
commented:
"We are excited about the experienced and highly skilled
employees of RDS joining Nabors and helping to deliver the benefits
of next-generation automated drilling solutions to our
customers and shareholders. The inclusion of RDS's
advanced robotic systems and the expertise resident in its highly
capable staff accelerates our automation initiatives. We
expect the introduction of robotic technology will unlock
performance achievements witnessed in other industries."
"We also believe that the RDS components, when combined with
Canrig equipment, our new iRacker™ handling system, and the
Tesco casing running tools, will create a new paradigm for offshore
drilling packages that has the prospect of making all existing
offshore packages legacy systems."
"As part of the transaction, we are continuing an ongoing
relationship with RDS's largest prior shareholder Odfjell Drilling,
to apply our robotic and other efficiency enhancing technologies to
their Rigs. Odfjell's commitment, and similar expressions of
interest by other offshore contractors, in working with Canrig,
make us even more confident that we have the people, technology and
infrastructure to bring new levels of performance to our
industry."
About Nabors Industries
Nabors Industries (NYSE: NBR) owns and operates the world's
largest land-based drilling rig fleet and is also a provider of
offshore platform rigs in the United
States and numerous international markets. Nabors also
provides directional drilling services, performance tools, and
innovative technologies throughout many of the most significant oil
and gas markets. Leveraging our advanced drilling automation
capabilities, Nabors highly skilled workforce continues to set new
standards for operational excellence and transform our
industry.
MEDIA CONTACT:
Dennis A. Smith, Vice President
of Corporate Development & Investor Relations, +1 281-775-8038
or Nick Swyka, Director of Corporate
Development & Investor Relations, +1 281-775-2407.
To request investor materials, contact Nabors corporate
headquarters in Hamilton, Bermuda
at +441-292-1510 or via e-mail at mark.andrews@nabors.com
Forward Looking Statements
The information above includes forward-looking statements within
the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934. Such forward-looking statements are subject
to certain risks and uncertainties, as disclosed by Nabors from
time to time in its filings with the Securities and Exchange
Commission. As a result of these factors, Nabors' actual results
may differ materially from those indicated or implied by such
forward-looking statements. Nabors does not undertake to update
these forward-looking statements.
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SOURCE Nabors Industries Ltd.