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PETROLEUM TECHNOLOGY COMPANY
- Improving well performance and integrity
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Contract Award for Tubing Shearable Gas Lift Valves by Middle East OPCO

ShearLift-T
Interventionless Barrier Gas Lift Valves

A field trial of PTC’s Shearlift Tubing Shearable Gas Lift Valves (one IPO and one orifice valve) has been successfully completed by a major Middle East OPCO.

 

As a result, we have been awarded our first contract in the region for the supply of Shearlift TS IPO and Shearlift TS Orifice gas lift valves. 

 

The ShearLift-T  technology uniquely enables multiple IPO and orifice gas lift valves to be installed with the well completion. The valves initially perform as 'dummy valves' (facilitating annulus testing) until they are sheared open using tubing pressure. Once sheared open, the ShearLift-T valves become fully functional IPO or orifice gas lift valves.

 

Consequently, they eliminate the need to buy, run and replace dummy gas lift valves during well completion operations, facilitating wireline intervention and rig time / cost savings, which significantly exceed the cost of the valves.

Celebrating 15 Years of Innovation

We are proud to have served our customers with innovative products that meet their needs for the last 15 years and excited about the opportunities ahead of us.

 

For the past 15 years, Petroleum Technology Company (PTC) has deliver long term cost effective solutions to oil and gas companies under pressure to deliver on time, on cost and with minimum risk to the environment.

 

- We strive to cultivate a culture of innovation. We believe that if you do what you did before, you get what you got before. Our team of passionate and enthusiastic employees strongly believe in what they do, and most importantly our objective is to “do the right thing” and always search for continuous improvement, says Rolf Haaland, CEO.

 

Since inception in 2002, we have actively pursued new opportunities. Founded in Norway, the international market today accounts for 70 % of our business.

 

We have innovated and patented technologies to improve production efficiency and the integrity of their wells. Today, we hold a leading position in the world’s well head integrity market and a technically superior proposal in the gas lift and chemical injection market.

 

We are confident that our team of solution oriented and service minded employees will add value for our customers, while reducing the cost of your operations in the next 15 years as well.

PTC Wins "Globetrotter of the Year" at Gullkronen 2017

We are proud to announce that PTC was awarded Globetrotter of the Year at the Rystad Energy Gullkronen Awards 2017.

 

Gullkronen awards companies, teams or people who have shown outstanding achievements on the Norwegian Continental Shelf during the previous year.

 

The jury, consisting of industry experts and Rystad Energy representatives, gave the following reasoning for choosing PTC:

 

"2016 has proven to be another challenging year for oil service companies exposed to the international market. However, all of our four nominees have been able to tackle the harsh conditions.

 

The winner has over time built a successful business abroad, with recent contract awards in the important North American and Middle East markets.

 

The company is pro-active in pursuing new opportunities, and during the downturn they have taken technological steps that better position themselves to enter new businesses.

 

With headquarters in Norway, the international market still represents more than 70% of their business, making this company a true globetrotter". (rystadenergy.com)

Petroleum Technology Company appoints Tommy White as North America Region Manager and Global Advisor for Gas Lift

Tommy White has joined Petroleum Technology Company (PTC) as the North America Region Manager and Global Advisor for Gas Lift.

 

Mr. White is a world authority in gas lift and related oil production operations. His career has spanned 36 years in the international oil and gas service sector and includes senior positions with Camco and Schlumberger in both completions and artificial lift. White began his career as a gas lift field engineer and progressed to roles in application engineering, sales and operations management, marketing, manufacturing, business development, gas lift product development and global gas lift business management. He has authored numerous technical publications and has instructed multiple technical seminars and workshops throughout the world. White studied at the University of Louisiana, the Jones Graduate School of Business at Rice University and is a member of the Society of Petroleum Engineers.

  

Gas Lift has traditionally and will continue to be one of the primary artificial lift methods used in the Oil and Gas Industry. PTC has always been at the forefront of this technology and getting Tommy on board ensures that we will continue to do so. Combining Tommy’s vast experience and network in the industry, with PTC’s roots in technology development, opens an exciting new chapter in the history of PTC, one which will bring significant benefits to operating companies worldwide

CEO Rolf Håland

Wintershall Contract Award

SafeLift

First NexLift unwelded side pocket mandrel installation

NexLift SI
Next Generation Unwelded Side Pocket Mandrel
NexLift SI
Next Generation Unwelded Side Pocket Mandrel

5-1/2” 25%Cr. NexLift SPM was successfully run and tested for a North Sea client Jan. 19th. NexLift was run with PTC’s  ShearLift-T gas lift valve, which allows intervention free well start up.

 

Read more about NexLift SPM and ShearLift-T.

 

 

 

 

Successful implementation of MSAS-G

 

In Q3, 2015 PTC successfully installed its first complete system installations of 2-1/16” Master Surface Annulus Safety Valve (MSAS) integrated in an API monogrammed gate valve (MSAS-G). This independent dual barrier solution was delivered for a major operator in the North Sea.

 

PTC engineered and validated solution, consisting of gate valve, a modular design of the MSAS-G hydraulic actuator, and the VR profile embedded check valve. All designed and manufactured to API and PTC specifications.

 

MSAS-G is designed for applications where piping modifications are not desired or possible to perform. Cost effective and safe installation is provided by simply replacing the existing gate valve with the PTC gate valve and a MSAS-G.

 

Read more about MSAS

New Technology Field trials

First six installations of 1.5” DuraLift anti-scale gas lift valve (GLV) for two major operators in the North Sea during 2015. The orifice valves were installed in wells where previously installed GLV’s were rapidly failing due to scaling issues. The valves are still downhole and performing as expected.

 

The DuraLift gas lift valve was designed to operate in wells with scaling issues, while providing reliable barrier function. The geometry of the valve has a unique feature that prevents produced fluid that may create scale, from entering the check-valve area.

 

Updated 15.10.2015

 

Read more about DuraLift