UK-based Ardyne is launching a new joint industry project (JIP) with Norwegian energy company Equinor to further develop its well decommissioning technology TITAN RS, says an article published on new online che website.
Funding
The companies are jointly funding the £1 million ($1.385 million) project which aims to reduce the economic and environmental impacts of slot recovery and well decommissioning.
In charge of project
Ardyne will be in charge of engineering, project management and onsite rig qualification testing before deployment for field trials.
TITAN RS combines Ardyne’s bottom hole assembly (BHA) systems with the new resonance tool to aid casing recovery by using resonance to reduce the pulling force required to free stuck casing.
Alan Fairweather, CEO of Ardyne, said: “Equinor’s continued commitment to the development and enhancement of TITAN RS through their reinvestment in the system shows the trust they have in it to deliver a more cost effective and carbon reducing alternative to conventional casing recovery methods”.
Trial
The company reports that trials have been completed recovering casing encased in settled solids.
As stated, the system can provide up to 40% time efficiency savings for well abandonment, decommissioning and brownfield slot recovery projects with a resultant reduction in carbon emissions.
TITAN RS, the addition to Ardyne’s Toolbox, will be available for full commercialisation in 12 months.
Summary
- UK-based Ardyne is launching a new joint industry project (JIP) with Norwegian energy company Equinor to further develop its well decommissioning technology TITAN RS.
- The companies are jointly funding the £1 million ($1.385 million) project.
- Ardyne will be in charge of engineering, project management and onsite rig qualification testing before deployment for field trials.
- The company reports that trials have been completed recovering casing encased in settled solids.
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Source: newsonlineche.com
