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CHICAGO, May 29, 2024 /PRNewswire/ Downhole Tools Market in terms of revenue was estimated to be worth $6.1 billion in 2024 and is poised to reach $7.8 billion by 2029, growing at a CAGR ....
Optime Subsea's second-generation ROCS has gradually become the new industry standard for well completion operations. Because it has eliminated the need for the umbilical, which traditionally connects the surface to the seabed for controlling the tubing hanger in subsea well completions, and the associated topside hydraulic control unit. ....
The well completion operation was performed utilizing a Remotely Operated Controls System (ROCS) that has been supplied by Norwegian technology company Optime Subsea. ....