Nabors And Corva Expand Strategic Alliance To Accelerate Digital Innovation

Corva and Nabors Drilling Technologies are excited to announce a significant expansion of our strategic alliance, aimed at accelerating digital transformation within the drilling industry. Building on our established partnership, we are now integrating their expertise into amplifying the RigCLOUD platform to deliver cutting-edge drilling intelligence and broaden industry impact.

This collaboration will introduce "RigCLOUD Powered by Corva," a fully integrated solution that combines Nabors' robust edge and cloud computing platform with Corva's leading AI-driven analytics. By leveraging Corva's Platform-as-a-Service and drilling solutions, Nabors aims to enhance its operational reach, enter new markets, and strengthen services for both E&P customers and third-party drilling contractors.

This first-of-its-kind collaboration will enhance real-time data processing, predictive insights, and performance optimization. Operators and contractors will gain powerful tools to improve decision-making and maximize efficiency across their operations. Key benefits of "RigCLOUD Powered by Corva" include:

• Seamless Edge-to-Cloud Integration: Delivering a consistent experience through real-time data processing and cloud computing.
• Drilling Intelligence at the Rigsite: Providing actionable insights directly to drilling crews, when bandwidth permits.
• Flexible and Scalable Solutions: Allowing customers to use RigCLOUD and Corva independently or together, with the option to integrate the SmartROS rig operating system.
• Joint Application Development: Enabling the creation of transformative AI and ML technologies for the drilling industry.
• Market Penetration: Cultivating new entry points with E&P customers and third-party drilling contractors.

“The expansion of our existing strategic alliance by integrating the RigCLOUD ecosystem with Corva marks a significant next step in our digital strategy,” said Subodh Saxena, Senior Vice President of Canrig and Nabors Drilling Solutions. “By combining RigCLOUD rig instrumentation and drilling automation apps with Corva's industry-leading AI analytics, we are defining the future of drilling intelligence.”

"We've reached a new milestone with Nabors, unifying edge and cloud solutions into a single platform that streamlines workflows and enhances operations across any rig fleet. Together, we're setting new standards for drilling efficiency,” said Ryan Dawson, Founder and CEO at Corva.

About Corva AI
Corva AI, a Houston-based global leader in Predictive Intelligence for the Energy sector, empowers operators and service companies to optimize wellsite operations by leveraging physics-informed AI models and high-quality real-time data. Corva’s cloud platform helps avoid hazards, maximize crew performance, and drive quantifiable capital efficiency gains. For more information, visit www.corva.ai.

About Nabors RigCLOUD Platform
RigCLOUD is a high-performance edge computing platform built to streamline workflows, optimize performance and create a tailored experience that helps customers deliver on compliance, equipment management, automation and analytics. For more information, visit https://rigcloud.com/.

Through this phased collaboration, the Joint Steering Committee, comprised of representatives from Nabors and Corva, will oversee continued innovation and ensure that RigCLOUD Powered by Corva remains the premier drilling intelligence solution.