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Dril-Quip, Inc. (NYSE:DRQ), (the "Company" or "Dril-Quip"), announced today the successful installation of its first 18" x 22" XPAK-De Expandable Liner Hanger in a Santos Basin deepwater pre-salt exploratory well for the Sagitario Location, operated by Petrobras (60%) in partnership with Repsol Sinopec Brasil (20%) and Shell (20%).
The large diameters and extended durations required at such depths presented significant challenges, requiring years of dedicated research, development, and testing by Dril-Quip's team, all aimed at creating a product capable of withstanding the harsh conditions of deepwater environments. By eliminating the need for contingency sub-mudline adapters, this technology can accelerate the Well construction process, lower operating costs and reduce risks associated with deepwater drilling operations.
"This achievement is a testament to the collaborative effort between Dril-Quip and Petrobras, demonstrating what can be accomplished through shared expertise and dedication to innovation" said Steve Chauffe, Dril Quip's Vice President - Well Construction. "Recognition is due to our dedicated engineering and Brazil operations team, whose expertise and commitment ensured the successful execution of this operation."
