We use cookies
to help provide you with a good experience on our website. By continuing to browse the website, you are agreeing to our use of cookies.

Intellilift and Transocean create digital well construction JV

GO DIGITAL ENERGY

Intellilift and Transocean create digital well construction JV

Nekkar ASA’s subsidiary company, Intellilift AS, has established a joint venture (JV), Inteliwell, with a subsidiary of Transocean Inc. for the purpose of commercialising products and services based on a digital well construction solution that is currently being developed in close cooperation between the JV partners. - OilFieldTechnology

Inteliwell’s digital well construction solution will integrate digital systems for well construction, drilling control and real-time data monitoring. The software solution interfaces with the drilling rig’s control system to autonomously execute tasks outlined in the well plan, serving to expedite the well construction process. Additionally, an integrated real-time monitoring platform will measure downhole progress and evaluate conditions in the well to provide critical, precision-enhancing feedback to the drilling control system.

Intellilift has already digitized and facilitated increased automation and remote-controlled operations onboard offshore vessels and drilling rigs. Through this JV with Transocean, Intellilift will benefit from the driller’s global footprint and well construction expertise, accelerating adoption of this disruptive rig automation solution.

Preben Liltved, CEO, Nekkar ASA

Intellilift, which is owned 50.67% by Nekkar, will contribute development resources, licenses for existing software and other services into the JV, which has been established as a separate legal entity. Capital contributions by Intellilift are currently not contemplated. Intellilift will hold a 33% ownership in the JV.

In short, the JV will provide software solutions (SaaS) that allow operators to further improve the consistency of their operations while reducing drilling costs through more reliable and faster drilling operations.

Stig Trydal, Managing Director, Intellilift

Relevant news

GO DIGITAL ENERGY
Reygar launches autopilot system for USVs
Reygar has launched an integrated autopilot and mission planning system for unmanned survey vessels.
GO DIGITAL ENERGY
Saudi SWCC in deal with Emerson to bolster digital transformation
Emerson and Saline Water Conversion Corporation have signed a memorandum.
GO DIGITAL ENERGY
Schlumberger, Saudi Aramco to collaborate on digital sustainability solutions
Schlumberger, Saudi Aramco will enable to verify their emissions, while also evaluating decarbonisation pathways.
GO DIGITAL ENERGY
How Cairn Oil & Gas is using IT to overcome one business challenge after another
Sandeep Gupta’s innovative use of technology has enabled the company to cut costs, reduce time to first oil.
GO DIGITAL ENERGY
Equinor drives down emissions with the help of digital solutions
Equinor restarted production from the Peregrino field in Brazil.
GO DIGITAL ENERGY
Halliburton to help Aker BP in accelerating digital transformation
Halliburton has joined forces with Aker BP to develop a next-generation intelligent system.