Praise from the Minister of Petroleum and Energy
- The CMR- technology can contribute to substantial cost reductions related to drilling and down-hole activities. And there is no doubt that this technology has a clear export value.
These are the words of Tord Lien, Norway's Minister of Petroleum and Energy. Today he was introduced to WeST Group`s revolutionary drilling system – the Continuous Motion Rig.
Christine Sagen Helgø, Tord Lien, Oddvar Skjæveland, Director of Ullrigg D&W and Odd B. Skjærseth.
Among the other guests at the event was Mayor of Stavanger, Christine Sagen Helgø and delegates from the Norwegian Research Council, Innovation Norway, IRIS, ConocoPhillips, Shell, West Group and members of the press. All joined a guided tour of the world's first continuous drilling rig.
At the event, Founder and CEO of WeST Group, Odd B. Skjærseth also announced a new cooperation agreement between WeST and the world`s largest owner of land rigs, Nabor Inc., which generated some press coverage:
Cost savings for industrial partners
Operating companies Statoil, Shell and ConocoPhillips are WeST Groups industrial partners in the development of Continuous Motion Rig.
Head of R&D in ConocoPhillips, Ole Lindefjell, is looking forward to the launch of the automated robotic drilling rigs.
- This project pushes the boundaries, and showcases Norwegian development at its best. As partners we have invested a lot, but we do it to use the technology, not for owning it. ConocoPhillips is going to reduce massive cost using this technology, says Lindefjell.
WeST`s CEO, Odd B. Skjærseth is explaining the benefits of the Continuous Motion Rig til the Minister and the Mayor.
In the Control Room of the world`s first Continuous Motion drilling Rig.