Managed Pressure Drilling (MPD) is a method for fast and accurate pressure control in drilling operations. It has been introduced to overcome drawbacks of conventional pressure control methods, such as the incapability of rejecting transient pressure fluctuations [14]. In MPD, the annulus is sealed off at the top with a rotating control device and the mud is circulated out of the well through a choke valve. This combination provides a surface back pressure that can be controlled by manipulating the choke. In automated MPD systems, the surface pressure, and thereby the Bottom-Hole Pressure (BHP), is controlled by an automatic control system [13, 6]. The achievable accuracy and efficiency by this control system is dependent not only on the co...