Fotech Oil & Gas Solutions, the linear asset monitoring technology specialists, has signed a new commercial agreement with Eco-Stim Energy Solutions, the independent energy-services company.
The agreement means EcoStim has exclusive rights to use Fotech’s Helios Distributed Acoustic Sensing (DAS) systems in its operations in Argentina and Mexico.
Field management for downhole diagnostics
EcoStim will be using Fotech’s Helios DAS system as part of its field management operations for customers requesting downhole well diagnostics.
Helios DAS will give EcoStim’s operators the ability to accurately diagnose well integrity, flow properties and to monitor downhole activity including the well stimulation process.
How it works
Helios DAS from Fotech converts an optical fibre, up to 40 km long, into tens of thousands of individual vibration sensors. Real-time detection of the vibrations, caused by acoustic disturbance at each point along the fibre, enables engineers to ‘visualise’ and record downhole events with greater clarity than ever before.
As such, Helios DAS provides data and interpretative tools that have not been possible until now. These tools improve the efficiency of oil and gas exploration, production and delivery.
The agreement follows a successful field management project earlier this year, in which the company was able to precisely detect oil and gas production for its clients in several low flow wells located in the Vaca Muerta formation.
The first Helios DAS systems will be delivered to EcoStim in Q2 2014.
Fotech's HELIOS DAS interface analysing vibrations recorded during a downhole operation.
EcoStim President and CEO Chris Boswell stated: "Following the successful field management project we believe Fotech’s proprietary technology is a key component in our efforts to help our customers better understand these emerging shale reservoirs. We continue to believe that by combining the latest pressure-pumping and completion techniques with predictive geophysical and geometric tools, down-hole diagnostic tools and our preferred sliding sleeve technology, our proprietary “field management system” can help drive a more efficient and eco-friendly process to developing unconventional resources.”
Chris Shannon, CEO, Fotech Solutions, commented: “DAS is a breakthrough technology for the oil and gas industry and this agreement with EcoStim is significant validation of the potential value our Helios DAS systems can deliver to operators around the world. EcoStim is a key strategic partner for Fotech in Central and South America and we look forward to supporting them fully in the roll out of their field management system.”
Edited from source by Elizabeth Corner
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/21052014/exclusive_agreement_for_operations_in_argentina_mexico/