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Cubility Signs Distribution Agreements to Bring Solids Control Cost Savings and Efficiencies to Key US and Canadian Resource Plays

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10/09/2017 | 01:52pm CEST

Cubility AS, a leading provider of solids control solutions that improve drilling efficiency, solids control and HSE around the drilling process, has announced two exclusive distribution partnerships with Calgary-based New Tech Solids Inc and Houston-based Stage 3 Separation.

The distribution agreements are to sell and support Cubility’s MudCube® solution, the industry’s first compact, vacuum based solids control system, and will see a substantial fleet of MudCubes entering the North American land drilling market over the next few years in response to increased demand for improved drilling efficiencies, reduced waste and lower costs. The MudCube has already been successfully deployed for Murphy Oil and Shell in Canada and multiple operators in both the Permian and Eagle Ford.

Even Gjesdal, CEO of Cubility said: “As North American onshore plays continue to ramp up operations, the MudCube will perform a vital role in keeping costs down through drilling and mud efficiencies, and the cost effective disposal of waste. In the case of onshore drilling pads, implementing our technology can have an impact on cost budgets almost immediately.”

Fred Lausen, Stage 3 Separation CEO continued: “This partnership with Cubility reaffirms Stage 3 Separation’s commitment to providing the very best solutions to our customer base. We look forward to working with Cubility and US operators to provide optimal wellsite performance and ever greater value and levels of sophistication to the filtration and solids control marketplace.”

Said Brad Banister, President of New Tech Solids: “With ever increasing environmental regulations, how operators handle their waste generated to meet these regulatory obligations and reduce costs will be essential to future profitability. That’s why we believe the MudCube is such a ‘game changer’ – providing a cost effective but efficient means of managing and disposing drilling waste.”

To date, MudCubes have been installed on North Sea, Middle East, Far East, South American and North American drilling sites both offshore and onshore. In 2016, Cubility partnered with EQT Corporation to prove the technology in US onshore operations.

About Cubility AS

Cubility AS is an innovative Norwegian company that is revolutionising drilling operations and the solids control issues that accompany them. Cubility is based in Sandnes, Norway.


© Business Wire 2017
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