Ecopetrol extends contract with Welltec for conveyance, cutter technologies

Posted on 21 February 2014

Welltec has been awarded a four-year contract from Ecopetrol Colombia for the supply of Well Tractor conveyance and Well Cutter services. The initial contract value is in excess of $5 million with options to increase as required.

“Ecopetrol (NOC) Colombia is focused on exploration and development of assets in Colombia. Ecopetrol is developing a campaign of drilling horizontal wells in several of its main fields in which the use of tractor technology represented significant savings in rig time and minimized risk by avoiding pipe operations. With the new contract we expect to continue having the benefits of using tractors as well as to introduce the use of non-explosive cutters, particularly due to regulations in Colombia for explosives transportation,” stated Diana Patricia Chaparro Corredor, leader of Ecopetrol Reservoir Optimization Group.

Welltec has been providing Well Tractor conveyance services to Ecopetrol since January 2012, resulting in efficiency gains for Ecopetrol. Similar to the previous contract, this agreement provides conveyance solutions for open-hole, cased-hole, perforation and production logging services, plus new technology, such as the Well Cutter for mechanical cutting operations.

“This commitment by Ecopetrol in Colombia demonstrates that our disruptive technology is providing value in terms of optimized management of their assets with a minimized risk profile,” Carl Strubberg, Welltec Senior VP, Americas, said. “It is significant that Ecopetrol allowed us to introduce further new technology into the contract in the form of the Well Cutter. This will allow Ecopetrol to realize the same benefits from this innovative tool that our clients are realizing in other parts of the world.”

Well Tractor is a trademark. Well Cutter is a registered trademark of Welltec.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 17 December 2014

    Saudi Aramco: Four factors for a sustainable drilling business

    Despite the modest growth in demand and drop in oil prices today, the long-term outlook for industry is healthy. “Our industry will need to add around 40 million bbl per day for new capacity...

  • 16 December 2014

    Ensco development program produces driller in 3 years

    Ensco’s Accelerated Development Program (ADP) takes a “green” individual and, within a three-year period, trains them to become a driller. In response to personnel shortages in various areas, including drilling...

  • 16 December 2014

    Saudi Aramco: ‘Industry cannot afford to lose talent when the economy is down’

    Industry is facing a human resources challenge in two areas: the ageing workforce and the shortage of skills, Mohammed Al Sellemi...

  • 16 December 2014

    Nanotechnology has potential to improve tool performance in extreme environments

    In terms of temperature stability and corrosion, tools have limitations, especially in extremely challenging drilling environments. Jothibasu Ramasamy...

  • 16 December 2014

    Colville: WCI provides forum to evaluate practical, economical advances in well control practices

    Major players throughout industry are joining forces under the Well Control Institute (WCI). The mandate of WCI is “to provide the definitive forum...

  • Read more news