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Worlds First Smart Well Installation
HOUSTON, Texas - PES International (PESI) and Halliburton Energy Services announce the worlds first installation of the SCRAMS Smart Well Completion System for SAGA Petroleum in the Snorre Field, Norway.
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The SCRAMS system has been installed to control production from the Upper Statfjord Formation in this well. The lower reservoir zones will produce without any control from SCRAMS. SAGA Petroleum anticipates gas break-through in the upper zone and intends to choke back production from that using the PES patented Interval Control Valve (ICV), a key feature of the SCRAMS system. Electrical and hydraulic control lines to the surface allow the operator to monitor internal and external pressure of the valve in addition to control of the position of the valve from the surface real time.
Lars Endre Hestenes, Well Completion, Section Manager of SAGA Petroleum stated "The SCRAMS system will enable us to significantly reduce maintenance and intervention costs, by providing continuous real time reservoir control. After this initial installation from the Snorre platform, we intend using SCRAMS in future subsea developments, where cost savings and value created will be very significant."
Larry Kinch,Chairman of PESI in Aberdeen said "This is the first of six systems planned for installation in 1997 and we are delighted to have achieved this milestone with SAGA Petroleum which heralds a new era in reservoir management."
Ali Daneshy , Vice President of Integrated Technology Products at Halliburton said " This is a significant event in our alliance strategy to bring step changes in the way that reservoirs are managed. As additional systems are installed and product development continues, we are confident in the increased value this technology will bring"
Note to Editors
SAGA Petroleum has been involved in the SCRAMS joint industry development project since the inception feasibility study carried out in 1993.
PESI is a leading well intervention and completion company headquartered in Aberdeen with manufacturing in Scotland, Houston and France. The company employs 260 people, turnover £16m 1996/97. SCRAMS is the worlds first intelligent completion developed by PES through a joint industry project with participants from some of the major oil companies.
Halliburton Energy Services, Inc. a Halliburton Company (NYSE:HAL) unit, is a leading supplier of products, services and integrated solutions to the energy industry on a global basis.
In 1997 Halliburton and PESI announced a Strategic Alliance to provide Smart Well Technology on a global basis. Halliburton owns 26% of PESI.
For more information please contact Gerry Rideout in PES Aberdeen (01.224.793000) or Tim Tips in PES Houston (281.364.9709) or Jerry Wauters, Halliburton, Houston (713.624.3473).
Contact
Cindy Viktorin
(p) 713.676.7125
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