Despite downturn, companies interested in safety technology
Oil and gas companies are seeking new and innovative ways to further reduce costs while maintaining safety and efficiency.
Automated pipe handling systems are not new, but the size and the weight of the equipment is one area needing to be addressed; storing something heavy at the top of a rig can cause problems when the rig is moved. For that reason, a lightweight robotic arm is needed. Many of the solutions available today also require the rebuild of most of the wrecking ball, but companies are not willing to commit to that, as it requires a significant modification to the rig fleet.