Nabors
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Technology uptake aimed at optimizing resources, delivering consistency, and augmenting what humans can do.
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Driller expects $370 million, all-stock transaction to close in early 2025.
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The companies have integrated their platforms in an effort to increase flexibility and interoperability.
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The duo’s new services will be initially deployed in Iraq.
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Nabors is connecting Corva’s platform to its universal rig controls and automation platform, allowing apps built and developed in Corva to monitor and control any rig equipped with the platform.
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Nabors expanded its push beyond the oil business by acquiring an Australian solar power company selling a round-the-clock power technology.
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Nabors' RZR-equipped rig has successfully drilled multiple horizontal wells in the Permian Basin.
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Drillers are working to find ways to break some bad data habits. Those problems can range from the use of multiple formulas to calculate mechanical specific energy to timekeeping systems where the clocks and the time records are often off.