Canrig Drilling Technology (Norway) AS is a technology company that is focused on developing innovative drilling tools for applications where high reliability, precise wellbore placement and drilling efficiency are crucial for success. Canrig Drilling Technology's first product is a rotary steerable drilling tool with a unique and compact design. The company is committed to enhance and extend the product offering for Rotary Steerable Systems and to support the growth of Nabors’ Wellbore Placement business worldwide. Canrig Drilling Technology (Norway) AS is a wholly owned subsidiary of the Nabors group. Nabors owns and operates the world's largest land-based drilling rig fleet and is a leading provider of offshore platform workover and drilling rigs in the U.S. and multiple international markets. Nabors also provides innovative drilling technology, directional drilling operations and drilling instrumentation, and software (www.nabors.com). Canrig manufactures a premier line of automated drilling equipment and rig components and is vertically integrated with Nabors. Canrig manufactures and sells top drives, catwalks, wrenches, drawworks, and other drilling related equipment which are installed on both onshore and offshore drilling rigs (www.canrig.com).