Market News
Managed Pressure Drilling Services Market Key Developments
- On 6th May 2019, Weatherford International plc launched Victus intelligent managed pressure drilling system which features intelligent control, equipment automation and technical competence. This launch helped the company in gaining success in terms of their managed pressure drilling service segment.
- On 1st March 2019, Weatherford International plc launched its automated managed pressure drilling (MPD) riser system in Houston. This new system can combine with artificial intelligence, condition-based maintenance and additional sensors to speed operations. This helped the company in speeding up their operations.
- On 7th May 2019, Halliburton launched its Flex Managed Pressure Drilling System, which is useful in case of operating challenges and delivering greater rig efficiency. Further, the system is designed in such a way that it allows the operator to select the right level of service, which will help in maximizing the cost/benefit of managed pressure drilling services. This launch helped the company in expanding its managed pressure drilling service portfolio.
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