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

  • 21 November 2014

    Statoil cancels Stena Carron rig contract offshore Angola

    Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola...

  • 19 November 2014

    Stepwise approach guides Statoil’s North American onshore path

    When Statoil entered the North American onshore industry in 2008, it was a non-operator in a joint venture (JV) with Chesapeake in one shale play. Since then, Norwegian-based…

  • 18 November 2014

    Stilley: Despite challenging outlook, opportunities are plenty in the long term

    Opportunities abound for the drilling industry even in an environment of high costs and falling oil prices, Randall D. Stilley, President & CEO of Paragon Offshore, said...

  • 18 November 2014

    In well control, an ounce of prevention is worth a pound of cure

    It has been more than four years since Macondo, and the long-term effects of the oil spill are still being determined. “Oil is a natural substance that can be degraded...

  • 18 November 2014

    Plaisance: Well Control Institute evaluating priority topics

    The Well Control Institute (WCI) Board of Directors convened on 11 November in New Orleans. Moe Plaisance, who recently retired from Diamond Offshore Drilling, has...

  • Read more news