RE:Seems the smart CRT (case running tool) needs to fewIt's possible you're confusing two issues.Seems to me like the national oil companies are asking for a CRT plus or a better CRT. Considering this is new technology that there was doubt the market was ready for , to be asked for an improved version is impressive.
"McCoy completed the design for an enhanced smartCRT
™ that will address the new tool specifications introduced by National Oil Companies (NOCs) and major operators in certain key regions. With product prototyping scheduled for Q2 2024, McCoy's enhanced smartCRT
™ will not only address the new contract requirements, but also provide an intelligent, connected enhancement to conventional casing running tool on the market today, offering superior safety, efficiency and simplified operating procedure, with real-time data collection and analysis capabilities.'
"Furthermore, with a growing number of tools operating in-field, operators have begun to recognize the benefits of McCoy's FMS, and have begun to require the tools use in certain operations."
And the there's the intregrated suite
"Progressed in-field trials with our partnering customer in
North America for the smarTR
™ , McCoy's integrated casing running system. Field trials are a critical stage to full commercialization and the process continues to provide valuable data which has led to continued refinement our technology. We expect further advancements toward commercialization and look forward to reporting our progress on key milestones."
drunk@noon wrote: fixes to be up to snuff. That's how I read the press release. Given the tools are still in the field testing phase, it's totally understandable. But It will delay commercial adoption. Just the way I see it. Feedback from the field testing had the client point out a few shortcoming, having recieved the feedback MCB made a few changes (tweeks) and now we will see how it goes. Just my impression of things. The spider is great, The CRT is being tweeked. And I see their are a couple of other next generation tools that are undergoing field testing. For that I go by the listing of the next generation tools listed on their website. Next to the spider and CRT. Like I've said. It'll take a year- 18 months to play out. Meanwhile fliat to a slight drift down in shareprice.