Oilwell Varco and Schlumberger to Boost Exploration Efficiency

28 September 2009 (Last Updated September 28th, 2009 18:30)

Equipment and component manufacturer National Oilwell Varco and services giant Schlumberger have joined forces to provide high-speed drill string telemetry systems in gas operations. The IntelliServ joint venture uses patented technology IntelliServ Broadband Network to provide high-res

Equipment and component manufacturer National Oilwell Varco and services giant Schlumberger have joined forces to provide high-speed drill string telemetry systems in gas operations.

The IntelliServ joint venture uses patented technology IntelliServ Broadband Network to provide high-resolution data in real time to and from the bottom of oil and gas wells as they are being drilled, according to Schlumberger.

IntelliServ will also provide along-string evaluation services that will enable real-time monitoring of drill string conditions, and an unlimited ability to actuate downhole tools on demand.

National Oilwell Varco will own a 55% stake in the joint venture, with Schlumberger holding the remaining 45%.