NOV is pleased to announce that it has acquired the Advanced Drilling Solutions (“ADS”) business of AFGlobal. As the world’s leading independent provider of Managed Pressure Drilling (MPD) equipment, ADS brings trusted expertise and field-proven products to NOV’s portfolio of MPD offerings and enhances our ability to serve the needs of our customers.
“The combination of NOV’s experience and expertise and AFGlobal’s extensive portfolio of capabilities will bring about the next industry breakthrough in MPD,” said Mark Lapeyrouse, President of WellSite Services at NOV. “We’re eager to blend our rig automation expertise with AFGlobal’s premium design, engineering and manufacturing to create the industry’s most advanced and enabling MPD system.”
Harnessing the power of NOV’s infrastructure and global footprint, along with AFGlobal’s MPD product line, allows us to provide a full suite of services to our customers around the world. That means customers can count on NOV to get the job done—even in the harshest of drilling markets.
“We are very excited to be joining the NOV team,” said Mark Mitchell, former President of Oil and Gas for AFGlobal and NOV’s Senior Vice President of MPD. “We have a successful history of collaborating and working together with NOV to provide clients with rig-specific MPD solutions. The combination of AFGlobal’s advanced suite of MPD equipment and controls along with NOV’s innovative MPD products and services creates a new best-in-class MPD provider with the industry’s most comprehensive offering; positioning NOV at the center of the MPD revolution.
As a leader in drilling technology, NOV’s MPD packages will offer add-on services from our larger technology portfolio, including NOVOS™ and real-time monitoring, delivering full rig integration and removing the guesswork from operations. Additionally, our full MPD system will be integrated with our wired pipe and Max™ platform, creating the world’s most complete automated drilling package and allowing the operator to adjust in real-time, improving the overall well construction process.
For more information on NOV’s MPD offerings, click www.nov.com/mpd.