Akastor is pleased to announce that a joint venture company will  combine the Baker Hughes Subsea Drilling Systems (SDS) business and MHWirth to better serve customers while simultaneously driving productivity and cost synergies.

MHWirth reported revenues of NOK 1052 million in the second quarter 2020. Revenues for MHWirth Project & Products were NOK 493 million, a decrease of 8% compared to last year. Drilling Lifecycle Services & Digital Technologies revenues were NOK 559 million, an increase of 1% compared to last year.

MHWirth reported revenues of NOK 1052 million in the second quarter 2020. Revenues for MHWirth Project & Products were NOK 493 million, a decrease of 8% compared to last year. Drilling Lifecycle Services & Digital Technologies revenues were NOK 559 million, an increase of 1% compared to last year.

In 1990, MHWirth delivered the first large-scale drilling rig for De Beers’ diamond mining vessel “Coral Sea”. This development laid the foundation for a powerful collaboration between MHWirth and De Beers, the world’s largest diamond company. Ever since then, MHWirth equipped five drill ships for De Beers to harvest diamonds off the coast of Namibia in water depths of up to 150 m. Continuous system upgrades and optimization during operation significantly improved the vessels’ performance.

MHWirth reported revenues of NOK 1052 million in the second quarter 2020. Revenues for MHWirth Project & Products were NOK 493 million, a decrease of 8% compared to last year. Drilling Lifecycle Services & Digital Technologies revenues were NOK 559 million, an increase of 1% compared to last year.