Wallis sells Rig Technologies business to Orica

WALLIS Drilling has sold its Rig technologies reverse circulation logging while drilling business to Orica for $12 million plus potential earn out payments.

Wallis sells Rig Technologies business to Orica Wallis sells Rig Technologies business to Orica Wallis sells Rig Technologies business to Orica Wallis sells Rig Technologies business to Orica Wallis sells Rig Technologies business to Orica

Orica has bought Rig Technologies from Wallis Drilling.

The Rig Technologies business includes downhole behind the hammer gamma-ray and gyro geophysics sensors, drill rig-based sensor platforms, and a cloud-based data management system.