New Technology for a New Generation

Next-generation oil drilling equipment technology creates greater efficiency at lower cost.

During the last oil price spike, we witnessed the price of oil increase to $150 per barrel, but the economics for exploration and development were still stuck at $40 per barrel. That was because service companies raised rig and service prices at an even higher rate, preventing million-barrel offshore oilfields from being economical.

Our mission at Oilfield Innovations is to provide new drilling equipment technology and pioneering solutions to an industry where large companies and insufficient competition allow such million-barrel oil fields to lay undeveloped while our world economy struggles to cope with the continually-rising costs of oil and gas.

We believe in reducing reliance on older oilfield equipment, antiquated oil drilling technology and outdated methods of development in favour of more efficient, cost effective and environmentally conscious new technology and methods. We have developed and will continue to develop a full range of oilfield equipment for the next generation of engineers who must do more with less for a brighter future.