Hydro has awarded WellDynamics, a joint venture between Halliburton Energy Services and Shell Technology Ventures, a framework contract for the provision of SmartWell intelligent completion technology and services. The seven year contract is valued at around NOK 540 ($90) million and concerns SmartWell activity on Hydro’s North Sea Grane, Oseberg and Brage fields.
WellDynamics’ CEO Phil Longorio said, ‘This contract extends our long standing relationship with Hydro leveraging SmartWell completions to improve reservoir control and increase ultimate recovery.’ Hydro has drilled wells in its North Sea fields with as many as six laterals. The new SmartWell completions will enable fine control over fluid flow from branches within a single well.
Hydro believes the technology will prove critical to its production optimization effort. WellDynamics’ intelligent completion technology includes solutions for subsurface flow control, zonal isolation, and real-time monitoring and control from surface facilities.
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