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%.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData