Jeremy Thigpen, 2022 IADC Chairman

“Technological advances are often designed to further safeguard our employees or to deliver heightened equipment and systems reliability and operational efficiency, or to simultaneously advance both of these essential attributes as our industry explores, drills and produces the energy upon which the world relies. This is why many oilfield service companies commit their efforts, and financial resources, to drive continuous enhancements to existing technologies and to develop new, innovative technologies to support customers’ efforts to meet the world’s expanding energy demands.”

“Innovation is a core value at Transocean. We continuously advance our leadership position by developing and investing in technologies that optimize our operational performance.”, “…in 2021, on one of our ultra-deepwater drillships, we deployed and tested the world’s first kinetic blowout stopper on a well, potentially representing a sea change in operational integrity and enterprise risk reduction through unrivaled shearing capability.”

Read the complete article

To propel itself forward, drilling industry must look to technical innovations – Drilling Contractor