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Frank’s International Runs Industry’s First String Weight Reduction System

HOUSTON, June 22, 2016 (GLOBE NEWSWIRE) -- Frank’s International N.V. (the “Company”) (NYSE:FI) deployed its patented 1,250-ton Buoyancy Module (BM) Spider along with ExPert Landing String Solutions’ (ExPert) Drill Pipe Buoyancy Modules to help Anadarko achieve a nearly 250,000-pound reduction in total weight. It was the industry’s first run of this ground-breaking weight reduction system, which saves time and money and improves safety.

Working closely with Anadarko and ExPert to deliver a customized solution, Frank’s completed the job safely and successfully aboard the Diamond Ocean BlackHawk drillship positioned on the Walker Ridge Block 51 Shenandoah V Well. The job also involved using Frank’s 1,250-ton Slip-Type Elevator and Split Bushing Spider to install 19,821 feet of casing and the Company’s new 1,250-ton BM Spider and 1,500-ton Drill Pipe Elevator to install 5,929 feet of landing string.

“Our leading-edge equipment combined with our expertise eliminated the need to run three independent casing strings – delivering an extra margin of safety and saving Anadarko valuable time and money,” said Jeremy Angelle, Senior Vice President of Technology and Engineering.

The original expected buoyed string weight of casing and drill pipe was approaching the rig’s weight capacity. Anadarko achieved a 10 percent reduction in string weight by running ExPert’s Drill Pipe Buoyancy Modules and applying Frank’s BM Spider, the only technology that can clean the modules during removal and accommodate their large outer diameter (OD).

“We are engineering and manufacturing progressive solutions that meet the demands of well operations in the most complex drilling environments while continuing to set the standard in our industry,” Angelle said.

Frank’s International N.V. is a global oil services company that provides a broad and comprehensive range of highly engineered tubular services to leading exploration and production companies in both offshore and onshore environments, with a focus on complex and technically demanding wells. Founded in 1938, Frank’s has over 4,000 employees and provides services in approximately 60 countries on six continents. The Company’s common stock is traded on the NYSE under the symbol “FI.” Additional information is available on the Company’s website, www.franksinternational.com.

Karen Allen – Director, Communications and External Affairs
karen.allen@franksintl.com
713-358-7325

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