Daily valuations for MODUs
VesselsValue, an online valuation provider, is releasing daily valuations for mobile offshore drilling units (MODUs), a press release stated. This new vessel type is part of VesselsValue’s recent push into the offshore space. In May 2016 VesselsValue released daily updated market and demolition values for 6,500-plus offshore support vessels. The new vessel types, which are available on the VesselsValue website, comprise 1,020 individual MODUs (including drillships, semisubmersible units and jackups) and can be presented via company fleets and portfolios. To arrive at daily valuations, VesselsValue uses a complex algorithm that considers the full specifications of the vessel (age, size, ship type and features) as well as the recent spot rates, secondhand sales, newbuilding prices, oil pricing and other market indicators. These data are made available for VesselsValue clients through the VesselsValue Deals database.
Closeable system reduces time, costs
Packers Plus Energy Services Inc. recently worked with an operator in Egypt to complete a six-stage StackFRAC system using the drillable closeable (DC) FracPORT sleeve in a short time frame, a press release stated. “Packers Plus’ advanced manufacturing capabilities ensured the product was delivered and tested within three days, meeting the client’s operational timeline and technical requirements,” said Packers Plus President Ian Bryant. “Not only was the client working in a short turnaround time, they also were interested in a closeable system that would simplify future operations.” The openhole approach was chosen over the plug-and-perf method to shorten operational time, simplify operations and reduce overall cost. The DC FracPORT sleeve is a ball-actuated hydraulically activated injection/production port. The closeable feature of the sleeve provides the operator with options to shut off water encroachment if required, reducing operational costs and optimizing production performance. The operation, installation and completion—done in conjunction with Packers Plus’ global marketing alliance partner, Schlumberger— were executed according to plan. Additional systems were planned for late 2016.
Hydrogen sulfide detector for arid locations
Tyco Gas & Flame Detection’s DG-TT7-S hydrogen sulfide (H2S) gas detector with a metal oxide semiconductor sensor underwent stringent functional safety assessments by an external certification body and is now SIL 2 approved, a press release stated. The DG-TT7-S gas detector is used mainly for the detection of H2S in arid locations having air present or in locations with continuous H2S background. The sensor specifies a wider continuous operating temperature range than the standard electrochemical sensors up to +65℃(+149℉). The MultiTox DG-TT7-S features onboard relays, plug-and-play sensors and a highly visible display that changes color depending on the status mode.
Dust suppressant provides safety from sand mine to wellhead
The Oilfield Technology Group of Hexion Inc. has released its Sentinel dust suppressant, a press release stated. This new technology is designed to reduce dust generated from uncoated fracture sand. The Sentinel dust suppressant is designed to reduce the amount of respirable silica to levels below the new Occupational Safety and Health Administration and existing Canadian permissible exposure limits. The dust suppressant is capable of reducing respirable silica dust below 25 μg/cu. m. The chemical system traps fine dust particles and remains on the proppant during transportation and transfer. This liquid dust control agent is effective on all mesh-size sands. The Sentinel dust suppressant helps provide safety and compliance from the sand mine to the wellhead. The versatile application method allows users to apply the product at the sand mine, transload or at the fracture site. The delivery system can be mobile or stationary and has a small footprint on location. It will not decrease throughput at the sand mine or decrease sand offl oading time when deployed at a transload or fracture site.
Composite fracture plug for zonal isolation
TEAM Oil Tools has developed the TOMCAT fully composite fracture plug, an addition to the TOMCAT product line, a press release stated. The TOMCAT fully composite fracture plug uses high-strength composite components to provide a dependable, durable and cost-effective design for zonal isolation during multistage completions. These fracture plugs are constructed of machined composite material with composite upper and lower slips. The plug is compact in length with zero metal components and has pumpdown kits that allow 500-plus feet-per-minute run in speed. The specialized design features ceramic buttons that do not damage the mill/bit bodies during plug drill-outs.
Online intelligence resource provides data analytics
Douglas-Westwood has released Sectors, a service that provides access to core and previously unavailable data, a company announcement stated. A brand new online data analytics subscription service, Sectors enables users to interrogate, screen and visualize oilfield intelligence from anywhere in the world. The first Sectors module focuses on the global drilling and production sectors, with additional modules to be rolled out through 2017. The service enables users to build bespoke charts and export data using global, regional, country and field-level filters with multiple attributes. Users can keep track of the market, have visibility to current and future movements, quantify and qualify strategy and planning assumptions, identify key questions to challenge investment decisions, or triangulate internal and third-party data. The online subscription service, Sectors, launched Jan. 24.
Simplifying offshore asset maintenance
Two new coatings, Hempadur Quattro XO 17820 and 17870, have been released by Hempel to increase the service life and reduce on-station maintenance requirements of offshore assets, a press release stated. The high-performance pure epoxy uni-primers combine corrosion protection with construction flexibility. Hempadur Quattro XO 17820 and 17870 are part of a series of two-component epoxy primer coatings that provide advanced crack resistance using Hempel’s patented fiber technology. They can be applied in immersed and nonimmersed areas of any offshore asset, from offshore platforms and drilling rigs to support vessels. Their high-volume solids ratio (80%) means that fewer volatile organic compounds are released into the atmosphere. Hempadur Quattro XO 17820 and 17870 can be applied to multiple areas above and below the waterline, including ballast water and oil cargo tanks, and also can be applied year-round with workability from -10℃ (14℉) to 45℃ (113℉).
HP/HT electrical connector reduces downtime, system costs
Rampart Products has specified the VICTREX HT polymer for a new HP/HT KTK (aka Kintec) electrical connector for the efficient and safe transmission of power and data during the drilling process, a press release stated. Used in oilfield equipment, the reliability of the multi-pin connector is crucial to reducing costly downtime. The material as well as the connector has been tested beyond industry standards in real-world environment simulations. During material selection and the development of the molding process Rampart and Victrex worked together, enabling Rampart to release its first connector using the VICTREX PAEK (polyaryletherketone) polymer. The new connector has been rated for temperatures beyond 200℃ (400℉) and pressures at 20,000 psi, providing a reliable electrical connection while protecting expensive sensors and electronics.
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