Red Spider, the Remote Open Close Technology specialist delivering multi-million pound savings and reduced risk to the oil & gas industry, has completed its biggest-ever deal with work valued at £1.5million to supply new products for well completion operations.
Red Spider’s UK sales manager Andy Skinner said: “We are very excited about the technology and believe it takes our ROCT products to the next level, offering unparalleled savings and risk reduction.’’
eRED, Red Spider’s first tool to use its patented ROCT for remotely operating downhole valves, has been used by more than 20 operators resulting in significant risk reduction and maximising production time by removing wireline runs from operations. The technology is on its way to becoming the industry standard solution for various downhole applications.
The valve has allowed major operators to save more than £300,000 during a single subsea completion operation, typically reducing slickline runs from 8 to 1. In deepwater workover operations, savings of up to 36 hours and £500,000 have also been recorded in a single job, as well as major reductions in risk.
It quickly became apparent from the eRED’s continuing success that there were other potential applications for ROCT in the completion of wells. Further customer requests led to nearly £2million of investment and over two years of extensive research and development work, which has resulted in products including the eRED-FB.
eRED-FB valves provide a downhole barrier that can be opened and closed by remote command, allowing the tubing integrity to be tested without using conventional plug and prong equipment. This eliminates the need to deploy traditional wireline methods which results in the following benefits:
• removing the requirement for rigging-up and rigging-down wireline units
• speeding up operations
• reducing risk to personnel and equipment
• reducing the risk of exposure to bad weather
• delivering savings of between 32 to 38 hours (£400,000 to £500,000)
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As part of the four-year contract, Expro will provide 20 packages of slickline equipment and personnel to operate them. The initial contract term has the potential to significantly increase the number of slickline packages provided. There are options to allow up to four years of contract extensions.
This award will make Expro the largest slickline provider in Brazil.
This contract enhances the specialist well testing, subsea and Drill Stem Testing services the company already delivers to Petrobras and will give a platform for subsequent wireline intervention growth in the region, including the opportunity to introduce cased hole products to Petrobras and elsewhere in the country.
Sergio Zubelli, Expro’s Latin America region director, said: “This contract has elevated Expro’s status and we will be the biggest slickline provider in Brazil. This achievement is due to the hard work of our local teams and the support from Expro’s global wireline intervention product line team. This contract will also allow us further opportunities for our complete portfolio of intervention tools.”
Mark Illingworth, Expro’s wireline intervention director, said: “An award of this magnitude further cements Expro’s reputation as a global market leader in wireline intervention. We are an established provider of wireline services with over 40 years’ experience working for some of the biggest operators in the world.
“These types of awards are only gained through a clear focus on the product line, a clear understanding of what our customer wants, and by utilising the vast experience our people have in wireline intervention operations. We look forward to delivering for Petrobras through this project and beyond.”
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