01. December 2014
The article of November 25, 2014 with the title “Oil, Gas Technologies Investment Tops $7 Billion” is written by Velda Addison of Hart Energy. Among others, Daniel Choi, Lux Research analyst ...
The article of November 25, 2014 with the title “Oil, Gas Technologies Investment Tops $7 Billion” is written by Velda Addison of Hart Energy. Among others, Daniel Choi, Lux Research analyst and lead author of the report titled “Investing in Next-generation Oil and Gas Technologies”, quotes Lux Research’s latest report:
“We expect an uptick in M&A activity as companies improve their financials and start to eye technologies—from companies such as Acoustic Zoom, Robotic Drilling, Liquid Robotics and Field Upgrading—that can enhance existing industry processes,” Choi said in a prepared statement about the report.
Robotic Drilling Systems technology transforms operations on the drill floor. The company’s autonomous robotic drilling system, designed for fully unmanned drill floor operations, is capable of handling pipe and tools, and its Deckrobot 1500 has a lifting capacity of 1,500 kg (3,307 pounds, or 1.5 metric tons) at 3-m (10-ft) extension, according to the company’s website. The systems can be configured for use on newbuilds and retrofits for land and offshore facilities.
Choi singled out Robotic Drilling Systems’ technologies as being among the emerging technologies that could lead to major changes for the industry in the future.
“Robotic Drilling Systems is developing an automated drilling floor with advanced all-electric robots. The system will automate several aspects of drilling that can lead to millions of dollars in savings,” Choi said. “More importantly, it’s a major step toward a totally automated drilling system, which will be especially important as companies push the envelope on extreme production.”
Read the full article from the following link:
Link to the Lux Research Press Release: