January 9, 2013

Hill and Associates acquires Patents from NASA Composite technology contractor to Develop and Test World's First Composite Drilling Risers

Hill and Associates International Inc. (HAI) and NASA Composite technology contractor have signed an exclusive agrement to built and test a full size 'Marine Drilling Riser' with Choke and Kill Lines to be deployed for Deep Water Drilling Operations. The development and deployment of such a riser will allow the current deep water drilling fleet to extend the water depth rating of the current drilling units by merely changing out their current steel risers for the new composite risers. Estimates are a doubling of water depths for the units without changing the existing mast or draw works. The new composite risers would use standard industry accepted connectors with composite tubular sections. This is the same composite technology developed by NASA Composite technology contractor for the Titan rocket engine fuel containment systems for NASA. Steve Hill with NASA Composite technology will now apply proven technology to the Drilling Industry. The two are seeking Major Oil Operators and Drilling Companies to Joint Venture the deployment and Testing with.