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Parker Wellbore and TDE join forces to transform the drilling industry with tde powerline

March 12, 2024, Houston, Texas and Vienna, Austria. Parker Wellbore and TDE have entered into an exclusive strategic alliance aimed at revolutionizing the drilling process. The TDE /Parker partnership will perform pilot projects and commercialize TDE’s proprietary tde powerline™ downhole power and data highway and will provide tde powerline services globally.

Sandy Esslemont, President and CEO of Parker Wellbore, commented:

“Partnering with TDE to bring tde powerline to our customers advances Parker Wellbore’s technology strategy of reducing risk and optimizing performance in the drilling process. Our global network of API Q1/ISO compliant machining facilities, yard space, and our pre-eminent position in providing and servicing the industry’s premium drill pipe make us the ideal one-stop global partner to support our customers.”

Gerhard Thonhauser, Chairman of TDE, expressing excitement about the collaboration, added:

"With Parker Wellbore’s global network and TDE’s digital technology expertise, we have forged a unique partnership to deliver tde powerline on a global scale. With Parker Wellbore’s leading position in high quality management of drill pipes and our extensive expertise in digital technologies, this partnership places us as the premier business partner to elevate drilling efficiency and sustainability to the next level."

Parker Wellbore has over 90 years in the global energy industry providing drilling rigs and well construction, well intervention and premium tubular and pressure control rental services. Parker Wellbore is one of the leading global providers of premium drillpipe managed service solutions backed by an extensive network of API/ISO compliant machining facilities in key operating basins around the world.

TDE is a pioneer in innovative data driven technology solutions with more than 23 years of experience in the energy industry. TDE is dedicated to enabling companies reach new levels of operational excellence in terms of safety, speed, consistency, cost reduction and positive impact on reducing CO2 emissions. With over 150 companies trusting TDE’s products and services worldwide, the company stands at the forefront of the digital transformation with unprecedented oil and gas expertise and digital domain know-how.