Ardyne selected by Statoil for development of casing vibration and pulling system
Ardyne, a provider of innovative plug and abandonment and slot recovery technology, has been selected by Statoil for the design and development of a combined casing vibration and pulling system.
The company, based in Aberdeen and Stavanger, will perform modelling and analysis followed by prototype design and testing in support of the project goals. The technology fits within Ardyne's recently launched Casing Recovery Toolbox suite of tools and services.
The technology will initially be targeted at the North Sea. As the pioneering region for subsea well development, the North Sea has the world's largest stock of aging wells requiring late and end-life intervention.
The contract agreement with Statoil will see the operator provide support through modelling expertise and joint funding for the project.
The technology will be used in the casing recovery phase of slot recovery and well abandonment applications, ensuring that a rock-to-rock cement barrier can be installed, and providing a faster and more cost-effective alternative to section milling.
Ardyne's newly developed and innovative Casing Recovery Toolbox incorporates a full suite of services and products, including the company's in-house designed Trident System and Typhoon Spear, as well as its newly launched Titan System. These single trip products, combined with Ardyne's decades of operational expertise, have resulted in the development of industry leading downhole BHA systems for well abandonments, slot recoveries and workovers.
Alan Fairweather, CEO, Ardyne, said: "We are excited to be working alongside Statoil to provide an innovative solution for stuck casing. We are proud to be leading the charge for innovative casing recovery solutions, by merging industry proven equipment with our new technology we have created something unique."
"Our Casing Recovery Toolbox has established a new industry standard and we look forward to continued collaboration with operators and oilfield service companies to find further efficiencies in their activities across the industry."