Halliburton introduces new electro-mechanical downhole cutting technology
Published by Laura Dean,
Halliburton Company has announced an asset acquisition of a new portfolio of electro-mechanical downhole cutting tools and tubing punches from Westerton (UK) Ltd. These services provide operators with a safe and reliable alternative to traditional pipe recovery and intervention across the well lifecycle from exploration to abandonment.
The electro-mechanical downhole cutting portfolio includes single and rotating blade configurations that perform precision cuts on oilfield tubulars. Operators can achieve single blade cuts in less than two minutes with real time downhole data that reduces uncertainty.
This new technology eliminates the need for traditional explosive charges and chemicals, resulting in improved safety and easier transportation. Each cutting operation requires minimal surface equipment to enable faster deployment from any wireline unit.
“The ability to deploy cutting services rapidly and efficiently is important for pipe recovery,” said Trey Clark, vice president of Wireline and Perforating. “This new technology complements Halliburton’s extensive well intervention portfolio, helping operators reduce the cost to construct new wells and extend the life of old wells.”
On a recent campaign in the North Sea, an operator utilised the electro-mechanical downhole cutting service for a well abandonment program. The technology successfully saved one and half days of rig time per well – a substantial reduction from the initial plan.
Read the article online at: https://www.oilfieldtechnology.com/product-news/24092019/halliburton-introduces-new-electro-mechanical-downhole-cutting-technology/
You might also like
Rystad Energy: M&A boom in South East Asia to see US$5 billion of upstream assets for sale
Southeast Asia will be a hotbed for upstream mergers and acquisitions (M&A) in the next two years, with more than US$5 billion of assets up for grabs, Rystad Energy research shows.