DUBAI, UAE, January 8, 2014 /PRNewswire/ --
Packers Plus Energy Services Inc. has increased production rates
and decreased costs for TransAtlantic Petroleum Ltd. (NYSE MKT:TAT;
TSX:TNP) in Turkey. Over the last
eight months, the two companies have installed the Packers Plus
StackFRAC® open hole multi-stage completion system and
have seen initial production rates increase as much as 300%.
By using the Packers Plus StackFRAC system in the Teslimkoy and
Middle Sinan Dolomite (MSD) formations in southeastern Turkey, TransAtlantic has also seen a 25%
average decrease in completion costs.
"Applying North American stimulation and well intervention
practices in the international arena is difficult and can become
cost prohibitive very quickly," said Justin
Davis, VP of Engineering at TransAtlantic. "The experience
and service quality that Packers Plus brings to the international
market has helped us exceed expectations and provides the
confidence we need to move forward with the development of key
assets in Turkey."
Packers Plus has also done work for TransAtlantic's wholly owned
subsidiary, Thrace Basin Natural Gas (Turkey) Corporation in northwest Turkey and has seen impressive numbers. These
wells incorporated the Packers Plus SF Cementor™ stage collar and
StackFRAC system technologies to their assets resulting in a 200%
increase in initial production rates and a 50% average decrease in
completion costs.
TransAtlantic is the first operator to use open hole StackFRAC
systems in Turkey.
"Packers Plus' ability to provide custom, fit-for-purpose
technology has allowed TransAtlantic to reduce their operational
expenditures. This increase in capital can then be applied to other
assets," said Joel Appleton,
International Business Development for Packers Plus. "Both
companies have benefitted from teamwork and we look forward to
working together in the future to introduce more innovative
technologies to the international market."
This latest operational success with TransAtlantic in
Turkey builds on prior
international experience and outlines the capability of Packers
Plus technology to add value in a wide variety of formations around
the world.
About Packers Plus and StackFRAC
Packers Plus is the innovator of open hole multi-stage fracture
stimulation systems and is an industry leader in designing and
manufacturing innovative solutions for a variety of completion
challenges. Packers Plus has run over 12,500 completion systems
accounting for over 160,000 fracture stages since the company
started operations in 2000.
Today, Packers Plus has employees in 37 offices in Canada, the United
States and across the globe. With international offices
servicing Africa, Asia, Europe,
the Middle East, AsiaPac, and
Latin America, Packers Plus has
experience in key markets throughout the world.
Packers Plus® and StackFRAC® are
registered trademarks of Packers Plus Energy Services Inc.
For further information:
Joel Appleton
International Business Development
Packers Plus Energy Services Inc.
Phone: +1-403-234-6001
Cell: +1-403-399-8923
joel.appleton@packersplus.com
Tess MacLeod
Team Lead, Marketing Communications
Packers Plus Energy Services Inc.
Phone: +1-403-263-7587
Cell: +1-403-880-3740
tess.macleod@packersplus.com