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).
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.