18 August 2022 - Global communication company Viasat Inc. today announced that
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it has agreed to join Inteliwell, a joint venture (JV) with Transocean Ltd.
(NYSE: RIG), and Intellilift AS, a subsidiary of Nekkar ASA.
Reference is made to the stock exchange announcement dated 28 October 2021 when
Nekkar announced that its subsidiary company, Intellilift AS, had established a
JV, named Inteliwell, with a subsidiary of Transocean Inc. Viasat Inc. has now
decided to join the JV after close collaboration between INTELIE? by Viasat and
the Inteliwell JV.
The Inteliwell JV was established with the object to accelerate the decrease of
drilling time through rig automation, and to streamline well construction
process through new AI-driven processes and tools. Inteliwell offers a suite of
products that will provide an end-to-end, closed-loop workflow for well
construction planning, execution, and monitoring.
Inteliwell’s software has been meticulously designed to leverage cutting edge
technology and data to improve consistency while a) reducing well construction
time and drilling costs and b) improving safety by reducing personnel exposure
to red zones.
Viasat Inc. has approximately 7,000 employees worldwide and generated revenues
of USD 2.8 billion in FY 2022. INTELIE, which was part of Viasat’s 2021 RigNet
acquisition, will provide operational AI expertise, real-time data analytics,
and planning components to the Inteliwell JV.
“The joint venture between Transocean, Viasat and Intelilift aligns a potent mix
of expertise in the areas of well construction, automation, and artificial
intelligence,” said Brendan Sullivan, SVP, Intelligent Edge Solutions, Viasat,
Inc. “INTELIE is already in use on the majority of drill ships today for
real-time analytics and remote operating centers. Through the Inteliwell JV, we
are poised to accelerate autonomous well construction while reducing cost and
improving safety.”
“By reducing the days needed to drill a well, Inteliwell and its suite of
applications create incredible value to a large addressable market that is
primed for change,” said Scott McKaig, Director, Technology & Digital Solutions
at Transocean Ltd. “By aligning expertise from the three entities in our
platform, we will be advancing the well construction process from preparing a
well program to completion of the well. This advancement will streamline
planning, increases rig site efficiency, and reduce unplanned non-productive
time (“NPT”) to generate significant cost savings that can be realized quickly
by the well operators.”
The offering is comprised of three products: InteliPlan, InteliAutomate and
InteliAssist, which interface with a drilling rig’s control system to
autonomously execute tasks outlined in the well plan, greatly expediting the
well construction process. Additionally, an integrated real-time monitoring
platform will measure downhole progress and evaluate conditions in the well to
provide critical, precision-enhancing feedback to the drilling control system.
Intellilift, which is owned 50.67% by Nekkar, will hold a 33% ownership in the
JV.
“We are delighted to welcome a renowned technology company such as Viasat to the
Inteliwell JV. INTELIE has extensive experience from the offshore rig sector and
is a good match for Transocean and Intellilift. The combined competence will
enable for a quicker and faster market adoption to increase rig efficiency and
reduce non-productive rig time,” says Ole Falk Hansen, CEO of Nekkar ASA.
To learn more about Inteliwell, please visit: www.inteliwell.com -
http://www.inteliwell.com
(ENDS)
About Nekkar ASA
Nekkar (OSE: NKR) is an industrial technology group offering impact technologies
combined with high-end software solutions. The group combines 50 years’ heritage
from the world’s number one shiplift company, Syncrolift, with new investments
into sustainable, digitalised technology businesses that aim to unlock growth
within ocean-based industries such as offshore energy and renewables and
aquaculture. Intellilift is a Nekkar company delivering solutions for
digitalization, digital performance improvement, electrification, and
automation.
About Viasat
Viasat is a global communications company that believes everyone and everything
in the world can be connected. For more than 35 years, Viasat has helped shape
how consumers, businesses, governments and militaries around the world
communicate. Today, the Company is developing the ultimate global communications
network to power high-quality, secure, affordable, fast connections to impact
people’s lives anywhere they are-on the ground, in the air or at sea.
About Transocean
Transocean is a leading international provider of offshore contract drilling
services for oil and gas wells. Transocean specializes in technically demanding
sectors of the global offshore drilling business with a particular focus on
deepwater and harsh environment drilling services, and operates the highest
specification floating offshore drilling fleet in the world. Transocean owns or
has partial ownership interests in and operates a fleet of 37 mobile offshore
drilling units, including 27 ultra-deepwater floaters and 10 harsh environment
floaters. In addition, Transocean is constructing two ultra-deepwater
drillships.
DISCLOSURE REGULATION
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.
CONTACTS
ABOUT NEKKAR ASA
Nekkar (OSE: NKR) is an industrial technology group offering impact technologies
combined with high-end software solutions. The group combines 50 years’ heritage
from the world’s number one shiplift company, Syncrolift, with new investments
into sustainable, digitalised technology businesses that aim to unlock growth
within ocean-based industries such as offshore energy and renewables and
aquaculture. Intellilift is a Nekkar company delivering solutions for
digitalization, digital performance improvement, electrification, and
automation.
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