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Nabors Industries has entered into an agreement to purchase 100 % of the shares in Robotic Drilling Systems AS (RDS) from the owners Odfjell Drilling, Statoil Technology Invest, Investinor and Westcon.
As part of the transaction, Nabors and Odfjell Drilling have entered into a strategic relationship that provides Odfjell Drilling access to RDS’ technology on their existing and future rigs.
The RDS technology development has been supported by The Research Council of Norway and Innovasjon Norge. More information about the transaction is available here.
Nabors Industries, a listed company on the New York Stock Exchange, owns and operates the world's largest land-based drilling rig fleet and is also a provider of offshore drilling rigs in the United States and multiple international markets.
Arntzen de Besche has assisted Nabors in the transaction.