WellDynamics will install electronic Venturi flowmeters, electronic pressure and temperature gauges in wells with its SmartWell completions, and additional electronic pressure and temperature gauges in wells where WellDynamics’s flowmeters are installed.
This frame agreement applies to all previous Hydro assets in the North Sea. WellDynamics was one of three vendors selected to provide services for the entire contract, estimated to be worth NOK1 billion, including options, over an eight-year period beginning in the first quarter of 2008.
Under the terms of a separate frame agreement, WellDynamics will provide and implement SmartWell technology in four wells in StatoilHydro’s Gjoa field. The contract is estimated to be worth as much as NOK45 million over six years, beginning in 2009.
Vidar Skjaeveland, StatoilHydro’s head of procurement drilling and well services, said: The three new frame agreements for downhole monitoring help in securing access to a broad range of measurement technologies for use in advanced wells to maintain productivity levels on the Norwegian Continental Shelf in years to come. We believe that they provide an important means for increased recovery of both new and existing wells.
