Neodrill AS
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+47 51 94 59 00

Kanalsletta 4
4033 Stavanger
Norway

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Neodrill enjoys busiest start to the year ever with three new projects

4 March 2019

PRESS RELEASE

  • New contract wins include projects with Repsol, Total and DEA Group

  • Neodrill’s CAN® (Conductor Anchor Node) technology will provide a more robust well foundation and reduce rig days

  • Neodrill is currently a sponsor of the SPE/IADC International Drilling Conference and Exhibition 2019 in The Hague

Stavanger, 04 March 2019 – Today the innovators of the CAN® technology, Neodrill, announced three new project wins. The news marks a strong start to the year as the company continues to enter new regions and projects of varying operational conditions. New contracts include projects with Repsol, Total and DEA Group. Neodrill’s CAN technology delivers a smarter well foundation through the installation of conductors at pre-rig stage.

Neodrill will deliver its CAN-ductor on Repsol’s North Sea well, installation is expected to take place in the summer ahead of an expected spud date in Autumn 2019. The company will deliver its new product, named Engineered Conductor Support (ECS), on the exploration well. The ECS optimizes the fatigue life of any given wellhead system.

The new projects mark the first time DEA Group and Total will avail of the CAN technology. In February, Neodrill installed a CAN-ductor for Total in its UKCS well East of Shetland, this was the first time that the technology was installed in mixed soil conditions. A new well in DEA Group’s NCS asset will also benefit from the CAN technology this summer.

 

The new projects announced by Neodrill will result in a saving of between 2-4 days of rig days per well, as well as providing a more robust well foundation. The benefits of the CAN technology also include improved fatigue life and well load capacity. The CAN technology for exploration wells is also easily refurbished and reused.

 

Commenting on the recent contract wins, Neodrill’s Chief Executive Officer, Jostein Aleksandersen said: “We are very pleased by the work we have achieved for our clients so far this year, and we very much look forward to what the rest of 2019 will bring.

“Even though we have been around for nearly 20 years, innovation is part of our DNA. We are proud that with each new project, we have the opportunity to create something new and game-changing for the industry – whether that’s our first ever CAN installation in a new region, such as China, or new innovations to further enhance our technology.”

 

Neodrill is currently sponsoring the SPE/IADC International Drilling Conference and Exhibition in the Hague. The new contract announcements follow the installation of the world's deepest CAN-ductor at Woodside’s Ferrand-1 in North West Australia.