Dril-Quip, Inc. was presented with a Spotlight on New Technology Award at the 2018 Offshore Technology Conference (OTC) in Houston on April 30, 2018 for its HFRe™ hands-free drilling riser system. The Spotlight on New Technology Awards showcase new and advanced technologies that are leading the industry into the future.
The HFRe™ drilling riser is an automated system designed for high pressure, high temperature (HPHT) environments. HFRe™ utilizes a boltless, fatigue-resistant 4-million-lbf coupling that has been tested per API 16F/TR7 requirements. The technology can decrease risk and operational costs by reducing rig floor personnel and by providing feedback on position states, orientation and preload verification during connection make-up through its hydraulic SmartSpider™ technology.
Blake DeBerry, Dril-Quip’s President and Chief Executive Officer, remarked, “We are very pleased to receive another Spotlight on New Technology Award from OTC. The HFRe™ drilling riser can provide another structural change in well operations that allows our customers to increase rig automation, reduce personnel from the rig floor and utilize intelligent feedback through its SmartSpider™ technology.”
Key data points: The growth forecast = 6.6% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in smart oilfield market to 2031 by component (hardware, software, and services), technology (internet of things, artificial intelligence & machine learning, cloud computing, data analytics, and automation & remote monitoring), application (upstream activities, midstream activities, and downstream activities), end use (independent oil & gas operators, national oil companies, international oil companies, service companies, government & regulatory bodies, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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