MHWirth becomes an owner and establishes a market and technology partnership with the Norwegian technology company Electrical Subsea & Drilling
Electrical Subsea & Drilling (ESD) is working on the development and qualification of two drilling technologies; all electric control of Blow Out Preventers (BOP) and a durable Rotating Control Device (RCD) for Managed Pressure Drilling (MPD). MHWirth has over the last years developed new well barrier technology for BOP. This technology has now been transferred to ESD for the consideration of 20% of the shares in ESD.
"MHWirth's market apparatus and technical solutions combined with our control system and actuator technology represent a quantum leap for realizing our business ideas", says CEO John Dale in ESD. "Today's BOP technology is based on hydraulics, with disadvantages such as huge weight, high complexity with many sources of error, as well as challenges with regards to the external environment during operation and testing", continues Dale.
"Electro-mechanical operation of well-barrier functions and connectors for BOP is a revolutionary concept in the drilling industry and fits with today's focus on safety and reliability, digitalization, providing continuous Condition Based Monitoring and preventive maintenance", says Finn Amund Norbye, CEO in MHWirth.
ESD's drilling technology has been very well received by potential clients and authorities throughout the world.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Akastor ASA via Globenewswire
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
