CannSeal enters US market through exclusive partnership with Renegade Services

The new partnership will see Renegade Services market and operate CannSeal’s technology across the US and Gulf of Mexico. CannSeal’s technology is now available to operators looking to extend the life of a mature well or re-establish well integrity. Ahead of the launch, the Renegade Services team underwent a rigorous training programme in Norway. With support from CannSeal, Renegade Services will install, deploy and service the proprietary tool.

The CannSeal technology works by injecting a tailored epoxy sealant into the annulus at a pre-defined location using the patented delivery tool. It is designed to target two key industry challenges; well integrity and annular zonal isolation. The fully adaptable solution re-establishes well barriers in the hardest-to-reach areas of challenging wells with minimal interruption to production. In addition to rigorous and systematic testing, the CannSeal tool boasts a track record of more than 50 runs both onshore and offshore.

CannSeal’s CEO, Bengt Gunnarsson, commented: “It is a proud moment for us as we enter the US market for the first time. As the largest independent provider of cased-hole electric wireline services in the US, Renegade Services was the natural fit to bring our technology to the US. Similar to us, Renegade Services is a team of engineers who are guided by an entrepreneurial spirit to champion new problem-solving technologies.

“The US is a strategic market for us, particularly for our IntegritySeal product. This is due to the huge amount of wells that require the cemented annulus to be sealed. In producing wells, our technology can relieve issues associated with sustained casing pressure or plug & abandonment.”

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/13082019/cannseal-enters-us-market-through-exclusive-partnership-with-renegade-services/