The Welltec Annular Barrier Wins OTC 2015 Spotlight on New Technology Award

Our latest development, the Welltec® Annular Barrier (WAB®), has won the OTC Spotlight on New Technology award as one of the latest, most advanced technologies that are leading the industry into the future.

CONTACT

VP Marketing
Brian Sidle
bsidle@welltec.com

“We pride ourselves on being a transformational company, one that develops technology with real, immediate impact” says CEO Jørgen Hallundbæk. “The WAB is another perfect example of our vision. Its universal application can significantly improve safety and efficiency in our industry, providing a reliable, effective annular barrier while eliminating the need and cost of cement.”

The Welltec Annular Barrier is a unique, metal expandable barrier with a large expansion ratio and high delta P capability. As a qualified, stand-alone barrier element, it precludes the need for cement in the construction phase for many applications. Its novel capabilities allow it to be expanded from surface, with no waiting times and conform to the surrounding open (or cased) hole environment.

Following on successful ISO V0 leak criteria qualifications in Denmark, the 9 5/8” V0 WAB was subsequently approved to meet a client’s Internal Barrier Policy based upon NORSOK D010 Rev 4, enabling them to apply this unique technology without the need for dispensation in the North Sea. The WAB was installed without cement to prevent surface annular pressure (SAP) buildup within the B annulus.

“Being recognized as an OTC Spotlight Technology Award winner is fantastic,” declares Paul Hazel, VP of Well Completions. “It’s the culmination of lots and lots of hard work by a great team at Welltec.”

Recently the capabilities of the WAB have accelerated rapidly, which is reflected in winning this award. The WAB now provides benefits for operators globally for safer wells with lower capex while providing higher productivity.

This is the fourth time we have won this prestigious award. Last time was in 2013 with the Well Cutter; in 2009 the Cleaner PST won whereas the Well Cleaner RCB was announced the winner in 2008. We will be awarded the trophy at a ceremony on May 4 during the Offshore Technology Conference (OTC) at 1530 to 1600 hours in Room 208 on level 2 in NRG Center.

For more information about the Welltec Annular Barrier please click here: http://www.welltec.com/solutions/completion-solutions