Joint venture for subsea remote drilling solutions

Under the joint venture, expected to be called SMD-BORD, SMD will design and manufacture subsea remote drilling solutions for the marine renewable industry, offering a cost effective alternative to monopile and gravity foundations for wave, tidal and wind devices.
Utilising drilling technology developed by BOS and leveraging SMD's expertise in remotely operated systems, seabed tractors, and launch and recovery systems, the subsea remote drilling rigs will follow a robust development and test plan prior to being manufactured and assembled at SMD. Initial dry tests on the drill cutter are due to begin shortly.
The drilling rigs will be tailored to individual client requirements for the size and type of device and deployment methodology, in order to ensure the most economical and efficient solution for foundation and structure installation.

SMD and Blade Offshore Services (BOS), Great Britain, announced the signature of Heads of Terms for a joint venture.

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