Akastor ASA: MHWirth investing in Electrical Subsea & Drilling
MHWirth becomes an owner and establishes a market and technology partnership with the Norwegian technology company Electrical Subsea & Drilling Electrical Subsea & Drilling (ESD) is working on the development and qualification of two drilling technologies; all electric control of Blow Out Preventers (BOP) and a durable Rotating Control Device (RCD) for Managed Pressure Drilling (MPD). MHWirth has over the last years developed new well barrier technology for BOP. This technology has now been transferred to ESD for the consideration of 20% of the shares in ESD. "MHWirth's market