An Aberdeen-based oil well logging specialist READ Case Hole is formally launching its latest in-pipe precision diagnostic tool at at well-intervention conference this week in Houston, Tx.
As a logging-while-working monitor, the ZeroTime product that facilitates efficient data acquisition and fast-track delivery of critical decision-enabling answers at the well site, resulting in significantly lower operational costs and increased operational safety.
The assembly requires no special treatment. It can be installed and run in-hole by the incumbent drilling contractor or conveyance provider according to their and the operator’s standard procedures.
Roy Martin, READ Chief Executive, said: “For a typical single-well application, ZeroTime™ eliminates the need for dedicated logging runs, resulting in fewer trips in hole and a saving of circa 24 hours when comparing the same intervention performed by conventional means. This provides operators significant benefits in time and associated operating cost reduction.
“It’s still early days but we are confident that more operators will see it as the reliable technology to acquire fast, actionable intelligence to help save valuable time and resource.
“Despite difficult market conditions for majority of the oil and gas sector operating in the North Sea, READ has seen several contract wins over the last months thanks to its reputation in efficient and cost-optimised production and integrity evaluation”.