News

ONS 2016

28 Aug/16
On 29 August 2016, we will be exhibiting our award winning technology at Offshore North Sea Exhibition & Conference, ONS 2016. Don’t forget to stop by our booth  #780 at hall 7. [br /] Our intelligent drilling circulating tool,  iCWD, the winner of Spotlight On New Technology award for OTC Asia 2016,   and…

Patent 9,309,726 Granted for D75 Project

12 Apr/16
It is our pleasure to announce that our US Patent application for D75 Project has been granted under patent number  US 9,309,726 as of 12 April 2016. D75 project objective is improvement of ROP and drilling performance through a new generation of drill bits saving significant rig time. [br /][br /]…

20 Years Agreement with Petronas

24 Mar/16
Petronas & MIT Technologies have signed a 20 years commercialization agreement for iCWD on 15th December 2015. Through this agreement, MIT Technologies has been awarded worldwide exclusive commercialization rights for iCWD IP. The event was officiated on 24th March 2016 during OTC-Asia 2016. The signing ceremony was hosted by Petronas and was…

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