2023-04-20 08:03:50 ET
- Corva and Nabors Industries ( NYSE: NBR ) enters a strategic technology partnership to provide a digital and automation offering to global drilling industry.
- Nabors connects Corva to its universal rig controls and automation platform, SmartROS, whereby apps built and developed in Corva can monitor and control any rig equipped with SmartROS.
- This will enable exploration and production companies to standardize their automation technology stack fleetwide, regardless of rig manufacturer.
- Drilling contractors will be offered capital-light automation solutions that will aid revenues and add value to customers.
- SA warns that the stock is at a high risk of performing badly due to decelerating momentum and inferior profitability when compared to other energy stocks.
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Nabors Industries and Corva join hands for digitalization of drilling industry