Combined with other recent project wins in the Middle East, Aquaterra Energy will now deliver an estimated £1 million ($US1.37 million) of riser analysis work over the five-year period.
This release provides a number of powerful updates to the XSPOC platform, including advancements in setpoint optimization for rod lift wells and AI-driven autonomous control to better optimize production assets with less resources and time.
New non-toxic corrosion inhibitors economically extend asset lifecycles and deliver environmental gains.
Innovative artificial lift technology will help oil and gas companies meet environmental and production goals.
ChampionX has appointed Mohammed Al-Khalifa to the newly created role of general manager of Saudi Arabia to spearhead the region for further growth in 2021, the company said on Feb. 2.
Tenaris has introduced its LaserShield protective coating for sucker rods couplings on Jan. 28.
Equinor and its license partners have decided to invest NOK 3 billion (US$345 million) in the North Sea Statfjord Øst field to improve recovery by 23 million barrels of oil equivalent, the company said on Dec. 22.
Weatherford International Plc revealed its smart rod-lift solution, comprised of production optimization software, automation, and skilled engineers, boosted uptime 42% and increased production 37% for 40 reciprocating rod-lift wells in Sumatra, Indonesia on Nov. 5.
The divestiture of the rod-lift unit to Lufkin Industries follows several other asset sales made so far this year by Schlumberger as the oilfield services giant works to restructure itself into a leaner customer-aligned structure.
The Tellerus inline static mixer cuts chemical costs by 40% to 80% and extends the life of protected equipment by, in some cases, more than a decade.