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Meta completes two North Sea projects

Meta completes two North Sea projects

Meta has successfully completed a further two jobs in the North Sea with its Meta Casing Reconnect™ for two clients. The first job involved an Operator’s well which was to be converted to Gas Lift to maintain efficient production. However, a leak in the well meant it was not possible to convert to Gas Lift and production was stopped. The Operator required existing production casing to be cut and pulled, a change out of the wellhead seals, the casing to be re-established with a deeper crossover, and a non-elastomeric VO seal established, leaving the 9-5/8 casing in tension. Using Meta’s patented Metalmorphology™ technology, the Casing Reconnect met these requirements, providing a life of well metal-to-metal solution with flexible space-out and no reduction in ID. The Meta Casing Reconnect ensured double barrier, V0 integrity allowing recovery of up to 200 m3/day oil production. The operation also allowed re-completion with larger production tubing and the change-out of a leaking Downhole Safety Valve. Read the full story on metadownhole.com...
Multicom Security and Safetel get shared ownership

Multicom Security and Safetel get shared ownership

Creating a security company with European growth ambitions Security Firms Multicom Security and Safetel with subsidiaries get joint owners. With about 40 million Euro in sales and over 100 000 customers, the Group becomes the 6th largest security company in Scandinavia. The ambition is to become a leading North European player within monitored alarms and mobile data services. – There is an ongoing consolidation in the security industry. To meet this development as a provider we need size, professionalism at all levels and innovation. The future will require increased investments in product and market development. The new corporate structure will enable us to meet the constant changes in the market more efficiently, says Stefan Albertsson, CEO of Multicom Security. Both parties see clear synergies, as both companies have complementary products and overlapping customer portfolios. The companies are therefore well positioned to meet the changes in technology and market. – Together we will be well positioned to increase the market share in Scandinavia and expand into new markets in Northern Europe. By combining experience, technology and strong growth, we will achieve greater efficiency and profitability, thereby increasing the opportunities for product and market development, says Harald Rønning, CEO of Safetel. It will be further investigated whether the companies should legally merge in 2015. The ownership is arranged through a new holding company where Multicom Security Manager; GMT Communications Partners LLP has a 60 percent stake and Safetels owners; Viking Venture AS, Follum Invest AS, B. Skaugen AS, and a smaller group of owners has a 40 percent stake. For more information, contact: Stefan Albertsson, CEO Multicom Security AB, phone: (+46)...