Northern Ocean utilizing well-control answer to boost Sixth-gen semi-sub duo

Oslo Inventory Alternate-listed offshore drilling contractor Northern Ocean has signed a letter of intent (LOI) with a Texas-based supplier of wellhead and stress management gear, Kinetic Stress Management, to put in the latter’s know-how on its two rigs.

Underneath the settlement, Northern Ocean’s two sixth-generation semi-submersibles, the Deepsea Mira and the Deepsea Bollsta – each managed by Odfjell Drilling – are set to function Kinetic Stress Management’s kinetic blowout stopper (Okay-BOS).

For the reason that U.S. agency says its know-how stops blowouts, as an alternative of stopping them, it’s described as “the airbag for the oil & gasoline business.” As defined, the retrofittable, massive bore electrically initiated, gate valve performs the operate of shearing and sealing throughout drilling, completions, and intervention effectively management operations. It’s designed to shear something above the bit and seal immediately, whatever the circulate.

Arne Jacobsen, Northern Ocean’s Chief Govt Officer (CEO), commented: “The choice to supply the Okay-BOS system to our shoppers will enhance the aptitude and attractiveness of our drilling items to our discerning shoppers working in ultra-deepwater and harsh environments. We sit up for working with Kinetic’s glorious staff to combine the Okay-BOS gear with the present effectively management gear on each our items.”

The Oslo Inventory Alternate-listed agency believes the Okay-BOS system’s means to safe the effectively in lower than a second will profit its shoppers, enhancing its place available in the market and skill to safe new contracts within the ultra-deepwater and harsh atmosphere segments.

“Northern Ocean’s dedication to develop Okay-BOS options for the Deepsea Mira and Deepsea Bollsta highlights the worth that this know-how brings to our shoppers. We imagine the operators of those items will profit from Okay-BOS’s means to safe the effectively in all circumstances,” mentioned Kinetic’s CEO, Steven Angstmann.

“Okay-BOS permits these class main rigs to set a brand new customary for reducing the chance of a serious spill to as little as fairly practicable. We sit up for working with the good staff at NOL on these initiatives.”

Earlier this month, Northern Ocean secured a brand new short-term gig off the coast of Ghana for the Deepsea Bollsta. The rig is about to undertake a five-year class survey after the Ghana job, adopted by one other project offshore Namibia.

The opposite semi-sub, the Deepsea Mira, has been working with TotalEnergies underneath a multi-country drilling contract since December 2022. The French large exercised the primary choice underneath the contract in late 2023, adopted by an extension slated to begin in October 2024 for one effectively, with an extra effectively choice.