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Meta triples production in Norwegian well

Meta triples production in Norwegian well

s successfully completed three contracts for a major Norwegian North Sea operator with its Meta Casing Reconnect™. Following the success of the first project, which saw production triple for what was already the operator’s most productive well in the field, Meta secured a further two contracts to solve similar challenges. Production was immediately regained on the most productive well in the field, which resulted in an increase in production valued at around $270 million dollars for 2014 as well as sustaining production and profitability for the long-term. The operator continued to use the Casing Reconnect on two other projects, which allowed well integrity to be regained, production and profitability to increase, and the well to be converted to gas lift simply and quickly. Read more about the solution and how Meta solved the challenges on www.metadownhole.com (press release). About Meta Based in the Aberdeen Energy Park at the Bridge of Don, Meta provides premium downhole isolation during drilling, completion and production to the worldwide oil and gas industry. Meta is a company in the Viking Venture III portfolio. Learn more about Meta...
Zilift completes successfully first operational field trial

Zilift completes successfully first operational field trial

Zilift announces a breakthrough as the firm’s revolutionary TorqueDrive™ technology delivers a successful first operational field trial in the U.S. After extensive examination of the industry, the ground-breaking TorqueDrive™ technology began development three years ago at Zilift’s Aberdeen, Scotland headquarters. TorqueDrive™ was deployed for field trials in Bakersfield, California during 2013. TorqueDrive™ has now exceeded initial field trial targets, having exceeded 150 days running and counting; an industry first and looks set to transform heavy oil artificial lift operations globally. This is the first known practical demonstration of a magnetic torque converter in a downhole environment. TorqueDrive is powered by the smallest downhole artificial lift motor to be successfully installed in an oil well worldwide. View Zilift’s press release (pdf). About Zilift Zilift Ltd was established in May 2009 exclusively to develop and market permanent magnet technologies that will form the next generation of artificial lift for the oil and gas industry. A team of 30 are employed across Zilift’s facilities in Aberdeen and Bakersfield. Zilift is a company in the Viking Venture II portfolio. Learn more about Zilift »...