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Wallis sells tech business to Orica

ORICA may have just announced an eye-watering write-down and a big loss, but with all the signs pointing to an improved 2022 financial year, it has splashed out A$12 million upfront for Wallis Drilling's technology arm.

Haydn Black
Wallis will continue to focus on building and utilising its core drilling business

Wallis will continue to focus on building and utilising its core drilling business

Wallis' Rig Technologies business unit focused on developing and implementing RC logging while drilling tools, such as downhole geophysics and cloud-based data management.   Wallis formed a joint venture...

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