Neodrill enters Australian market

Neodrill’s technology is applicable under all well conditions and water depths. This adaptability is particularly useful in areas, like Western Australia, where there is a wide range of water depths and sea conditions. In the North West shelf waters can range from 50 m to 1300 m, with some newer exploration areas reaching further depths. With a strong commitment among operators in the region to high environmental standards, the technology’s green credentials will be a key selling point. A recent Lifecycle Assessment by Asplan Viak found that the environmental impact of the CAN-ductor is between 21 – 44% less than that of a conventionally drilled well.

In 2018, Neodrill partnered with Woodside Energy on its Ferrand-1 exploration well in Western Australia. At 1500 m, it was the deepest CAN-ductor installation to date and led to significant cost savings with 3-4 rig days saved from the drilling schedule.

Commenting on the appointment, Neodrill’s CEO, Jostein Aleksandersen said: “Australia is a heavily regulated region and companies exploring for oil and gas are committed to minimising their environmental impacts. We are very proud to be playing a role in helping the industry transition to cleaner, safer and greener processes.

“We have already shown the ability of our technology in the region, with our deepest ever Can-ductor installation on the the Ferrand-1 exploration well. We look forward to working with more partners across the region – and setting new records for our technology.”

Tim Dallas, Business Development Manager APAC, said: “The CAN is an innovative adaptation of the long-established suction anchor technology. It is applied in a way that provides a step change in the approach to well design and installation. Not only does it reduce cost, but it provides the advantage of easy and effective decommissioning of an exploration well, with the added advantage of re-use. I am very proud to bring Neodrill’s CAN Technology to the Australian and New Zealand markets.”

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/14112019/neodrill-enters-australian-market/