HydraWell is delighted to unveil our revolutionary new technology signalling a major industry shift for the future of Plug and Abandonment activities.
We are thrilled to announce the first successful campaign using HydraCT™, the latest development in its patented Perforation, Wash & Cement (PWC®) technology.
HydraCT™ is an advanced PWC® system specifically designed for coil tubing applications with the potential to cut Co2 emissions by 80% and reduce costs by up to 60%.
HydraWell is currently the only company globally offering this technology.
The successful debut of HydraCT™ in Alaska last month was the first project of its kind to use coil tubing, eliminating the need to mobilise a rig to site. By running coil tubing as the deployment method, the rigless HydraCT™ campaign spanned less than 24 hours, signalling a huge step-change for the future of P&A activities.
Our Chief Executive Officer, Mark Sørheim said: “Our first successful campaign demonstrates there is no doubt the HydraCT™ technology is an ideal solution for coil tubing applications.
“Our research has shown there is industry demand for more sustainable and cost-effective alternatives in plug and abandonment operations and we will continue to respond to this demand by creating superior solutions which are carefully aligned with the needs of clients and the market.”
Building on our PWC® track record, we applied years of experience and deep industry knowledge to transfer existing drill pipe system expertise into the development of our unique coiled tubing system. Coil tubing is particularly useful in remote areas where rig availability is limited or on unmanned or smaller platforms with load capacity restrictions.
“Working without rigs is the next chapter for Plug and Abandonment activities and we will remain at the forefront of guiding how the sector can move away from the need for a rig to pull pipe towards rigless, coiled tubing using HydraCT™,” continued Mark.
“HydraWell regards sustainability as one of its top priorities as we strive for efficiency gains while minimising our environmental footprint.
“HydraCT™ is a key component in the path towards rigless Plug and Abandonment and this breakthrough technology has allowed us to make huge strides in supporting our clients’ environmental savings as well as working for the greater good of the industry as a whole.”