Advanced wells solutions took centre stage at a successful showcase event hosted by Welltec®, the company challenging the low oil price through innovation.
Area Vice President, UK
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Senior well operations personnel from a range of offshore operators and contractors took the opportunity to hear more about Welltec’s portfolio of award-winning technologies – and also to discuss wider well design issues in the modern industry.
The Well Design for Today event placed the spotlight on the market specialist’s latest completions solution, Flex-Well®, which cuts construction costs, tackles production issues, increases total recovery and allows for easier plug and abandonment.
It also featured the Welltec® Annular Barrier (WAB®), winner of the 2015 OTC Spotlight on New Technology Award. The WAB® is designed to drive the sector forward in a safer and more sustainable fashion by eliminating cement from well construction.
Kevin Giles, Welltec® Area Vice-President UK, said: “The Well Design For Today event highlighted why our business has an established reputation for introducing innovative solutions. Specifically, it illustrated how we can contribute to client strategies formulated to address the prevailing industry conditions.
“The current focus is on finding ways to work more efficiently, while trying to maintain productivity and sustainable operations. That’s where our solutions come into their own.”
Other technologies featured at the gathering at Aberdeen’s Norwood Hall Hotel included Welltec® Flow Valves (WFV) which, in various configurations, allows for simple manipulation of reservoir injection / production without the need for control lines. Furthermore, the Welltec® Data Monitoring (WDM) technology enhances the ‘smart but simple’ approach to optimising reservoir performance in an efficient, accurate and cost-effective solution.
Established 21 years ago, Welltec® has operations in 59 countries. The company’s solutions are used across all types of onshore and offshore environments including deepwater, subsea and extended reach, high-yield, heavy oil and unconventional gas well programmes.