A new collaborative agreement has been signed on Feb. 11 that will see Northern Solutions Alaska LLC represent global completions specialist Tendeka in actively promoting sales, installation, and services of its completion products and technologies in the region.
The two companies have previously worked together on several projects in Alaska which contributed to the introduction and ongoing success of Tendeka’s FloSure Autonomous Inflow Control Devices (AICD) and most recently its new PulseEight Electronic Ambient Valve (EAV) technology in Prudhoe Bay.
“The Northern Solutions team is widely regarded as one of the most experienced and knowledgeable in the region, holding several patents for coil tubing drilling, work over and intervention. Working in partnership with Northern Solutions is a key part of Tendeka’s continuing goal to provide best in class products and service quality for our clients in Alaska,” Paul Guilfoyle, Tendeka’s business development manager for Canada and Alaska, said.
Northern Solutions have machining, fabrication and workshop facilities in Anchorage and Prudhoe Bay that are already qualified to manufacture, assemble and test a range of Tendeka technologies. With wellsite and classroom-based training already underway we have already made an impact with Alaskan operators recognizing the benefits that this agreement brings.
“We believe that the innovation driven technologies at the core of Tendeka’s portfolio are well aligned with our own approach to bringing custom solutions to solve clients drilling, completion and production challenges,” Candice English, Northern Solutions’ owner, said. “From design and development, to manufacturing and installation and we are excited to bring our own local experience and values to this collaboration.”
The deal would create the largest pure-play northern Midland Basin E&P with a 73,000-net-acre position and 12,000 boe/d of production that is expected to more than double through 2020.
The March 20 lease sale in the U.S. Gulf of Mexico brought in $244.3 million in high bids.
Repsol will still hold a 51% stake in the block after the deal.