Northern Ocean Ltd announces letter of intent with Kinetic Pressure Control | Oilfield Technology

Published by Alfred Hamer, Editorial Assistant Oilfield Technology, Wednesday, 16 Oct 24

Northern Ocean Ltd (NOL) has announced that it has entered into a letter of intent (LOI) with Kinetic Pressure Control (Kinetic), a well control technology company that designs, manufactures and provides wellhead and pressure control equipment. The purpose of the LOI is the outfitting of NOL’s 6th generation semi-submersibles, the Deepsea Mira and the Deepsea Bollsta with the Kinetic Blowout Stopper (K-BOS).

Arne Jacobsen, Chief Executive Officer of NOL, commented: “This is a strategic step for NOL to further enhance the capability of our fleet. The option to offer the K-BOS system to our clients will increase the capability and attractiveness of our drilling units to our discerning clients operating in ultra-deepwater and harsh environments. We look forward to working with Kinetic’s excellent team to integrate the K-BOS equipment with the existing well control equipment on both our units.”

Steven Angstmann, Chief Executive Officer of Kinetic, commented: “Northern Ocean’s commitment to develop K-BOS solutions for the Deepsea Mira and Deepsea Bollsta highlights the value that this technology brings to our clients. We believe the operators of these units will benefit from K-BOS’s ability to secure the well in all circumstances. K-BOS allows these class leading rigs to set a new standard for lowering the risk of a major spill to as low as reasonably practicable. We look forward to working with the great team at NOL on these projects.”

This article has been tagged under the following:

Upstream news Offshore news Subsea news Oil rig news