Trendsetter Engineering and Intelligent Wellhead Systems form joint venture

HOUSTON - Trendsetter Engineering and Intelligent Wellhead Systems announced the establishment of a joint venture to introduce new technology and services aimed at improving the safety and efficiency of offshore drilling, completion, intervention and abandonment operations.

The joint venture leverages IWS’ proven InVision technology to revolutionize the way that risered and riserless operations are conducted offshore. Drawing on the subsea expertise and service infrastructure of Trendsetter, the joint venture will be positioned to revolutionize the way that offshore operations are conducted through the introduction of real-time intelligence. InVision can be configured for installation at any point between the rig floor and the mudline to provide the exact position and condition of all tooling run in the well.

“Building upon our recent successes in intervention services, the value of a subsea deployable InVision system was obvious to our team,” said David Older, EVP of corporate development at Trendsetter. “With more than 3,000 successful runs through the InVision system, Trendsetter views this technology as the cornerstone to develop a comprehensive end-to-end best practice solution for intervention operations.”