SplitBlade™, 2018 World Oil Award Finalist for Best Drilling Technology

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For more than 100 years, World Oil has provided readers with the latest coverage on drilling, exploration, completion, and production of onshore and offshore oil and gas. For the last 17 years, World Oil has honored the upstream industry’s innovators and innovations. This year, World Oil received a record-setting 285 nomination submissions, and Ulterra’s SplitBlade™ technology is a finalist for the Best Drilling Technology Award.

The Best Drilling Technology Award is an award that recognizes innovators who executed an industry-leading effort during 2018 that significantly impacted the industry through drilling innovation. Ulterra has acted as an industry leader by working alongside operators to help them achieve record-breaking performance across a wide range of applications with the use of this technology. This recent breakthrough by Ulterra has allowed operators to achieve increased cuttings evacuation, tool face control, and improved speed and durability leading to higher ROP and lower drilling costs.

“The World Oil awards are the real deal, and being a finalist is a tremendous honor for everyone at Ulterra.” Said Chris Casad, Innovation Project Manager at Ulterra. “This is yet another opportunity for us to show the oil and gas community just how bright teal can shine.”

SplitBlade has drilled over 10 million feet in its first 12 months of being deployed, redefining hydraulics and penetrating a global market. SplitBlade is regularly improving drilling efficiencies, most recently delivering an $80,000 value through time savings and improved performance.

Ulterra will be attending World Oil’s black-tie gala on October 11, 2018, to honor SplitBlade’s success, and to recognize all 2018 World Oil Awards Finalists.

 

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