The Intelliserv network represents the largest research and development project under way within the company with a tab in excess of $50 million to date.
The crux of the technology revolves around modified drill pipe wired to be able to move data at high speeds from existing downhole tools all the way up the string and back in real time.
The technology is viewed as a high-speed alternative to traditional mud-pulse telemetry, which can move data at about 15 bits per second.
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