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The latest announcement is out from Nekkar ASA ( (DE:0TT) ).
InteliWell, a joint venture aimed at advancing autonomous well construction, has secured a contract to provide automation services on the Transocean Deepwater Conqueror drillship in the Gulf of America. This marks the third deployment of the InteliWell platform, enhancing operational efficiency and reducing cognitive load for the drilling team, while Intellilift will deliver software services under a fixed-sum project and SaaS fee model.
More about Nekkar ASA
Nekkar ASA is an industrial company focused on ocean-based technology businesses, investing in sustainable oceans, robotics, intelligent logistics, and digital solutions. With a 50-year industrial heritage, Nekkar employs a buy-to-own strategy to build long-term value, supporting operating companies with a strong balance sheet and strategic reinvestments for profitability and sustainable growth.
Average Trading Volume: 182,838
Current Market Cap: NOK1.05B
For a thorough assessment of 0TT stock, go to TipRanks’ Stock Analysis page.