National Oilwell Varco and Schlumberger Enter Into Agreement to Form Intelligent Drill Pipe Joint Venture
19 Novembro 2008 - 11:00AM
Business Wire
National Oilwell Varco (NYSE:NOV) and Schlumberger (NYSE:SLB)
announced today that they have signed a definitive agreement to
create a joint venture that combines their respective and
complementary expertise in the manufacturing and technology
development of wired drill string telemetry systems. The agreement
will enable the companies to accelerate delivery of intelligent
drilling solutions to customers through the expanded use of the
IntelliServ� Network, while opening a range of new technological
opportunities for customers. Closing, which is subject to
regulatory approval, is anticipated to occur in late fourth quarter
2008 or early 2009. �National Oilwell Varco is a pioneer in drill
string telemetry through its IntelliServ� Network wired drillpipe
platform that enables instantaneous communications between the
drill floor and the drill bit,� said Pete Miller, Chairman,
President and Chief Executive Officer of National Oilwell Varco. He
added: �This joint venture with Schlumberger opens the way to new
and innovative technologies that turn IntelliServ�s entire drilling
assembly into a measurement system capable of providing vital data
and information about downhole drilling conditions.� Under the
terms of the agreement, National Oilwell Varco will assume
operational control of the joint venture through a 55% stake, while
Schlumberger will purchase a 45% stake and add technology expertise
and measurement know-how necessary to help promote the technology.
Schlumberger will also pursue the development of drilling related
systems that are enabled by the IntelliServ� Network. The joint
venture will make no changes to the open access architecture of the
IntelliServ� Network platform, in order to promote this as an
industry standard for all providers of bottom-hole assemblies who
wish to deploy high data-rate downhole tools at the bottom of the
drill string. Commenting on the agreement, Andrew Gould, Chairman
and Chief Executive Officer, Schlumberger Limited remarked: �The
combination of our respective strengths provides the industry with
an advanced approach to drilling and well placement through more
accurate knowledge of the drilling environment and formation
parameters. We anticipate that this will lead to a step-change in
drilling technology that can provide the customer with continuous
information both about the well and about its placement within the
reservoir.� National Oilwell Varco is a world leader in the design,
manufacture and sale of equipment and components used in oil and
gas drilling and production operations, the provision of oilfield
services, and supply chain integration services to the upstream oil
and gas industry. For more information, visit www.nov.com.
Schlumberger is the world's leading oilfield services company
supplying technology, integrated project management and information
solutions that optimize performance for customers working in the
oil and gas industry. The company employs more than 84,000 people
of over 140 nationalities working in approximately 80 countries.
Schlumberger supplies a wide range of products and services from
advanced seismic acquisition and processing; formation evaluation
and directional drilling to well cementing and stimulation; well
completions and productivity; and consulting, software and
information management. In 2007, Schlumberger operating revenue was
$23.27 billion. For more information, visit www.SLB.com.
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