CompanyADAPTING TO THE TRANSITION
Under the Paris Agreement, the goal to limit global warming to below 2 degrees Celsius has been established. The world aims to become climate neutral by 2050, establishing an economy with net-zero greenhouse gas emissions. To achieve this, the global energy sector must work together to transition from fossil-based to zero-carbon energy sources, reducing energy related CO2 emissions and limiting the impact of climate change.
This energy transition has caused a shift in the needs and wants of investors, consumers and operators who engage with the oil and gas supply chain. They now seek clear commitment and action to help reduce emissions and reach a net zero target.
Advancements in technology has made this possible. The rising demand for safe, secure energy supply due to the growing population has meant that the oil and gas industry remains a vital part of the energy mix. The need for technologies that will counterbalance this demand and help companies globally reach their net zero targets has become a necessity.
OUR ROLE IN THE TRANSITION
Our innovative technologies across the well life cycle are helping global operators reduce emissions on drilling and end of life projects through increased predictability and efficiency.
Our suite of solutions ensures the successful landing of casings and completions to target depth on first attempt. We help operators achieve reductions in net well greenhouse gas emissions through significant project time savings.
Our simple, sustainable, and innovative technologies consist of four key tools: the TurboRunner™, the TurboCaser™, the MechLOK Drill Pipe Swivel™ and the newest addition to the suite, the Rubblizer™. Our customers have recorded that the use of these tools delivered an average project time saving of at least three days, saving approximately 900MT of CO2 emissions on an offshore platform, 210MT of CO2 emissions on an offshore semi-submersible platform and 90MT of CO2 emissions on a land rig.