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AGR developing MPD drilling solution in US$5.1m deal with Statoil


Published Sep 3, 2012
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AGR has joined forces with Statoil to develop a new generation of Managed Pressure Drilling (MPD) solution for floating rigs.

This phase of the project is worth US$5.1m (NOK31m).

The development project will build on two technologies. The first is AGR’s EC-Drill® system, which has been used successfully on two deep-water wells in the Gulf of Mexico since its introduction earlier this year. A shallow-water version of EC-Drill® has been used previously off Brazil, Egypt and in the Caspian Sea.

Tags: AGR Group, Statoil




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