Weatherford TR1P™ Wins
"Spotlight on New Technology®" Award From The
Offshore Technology Conference, Meritorious Award for Engineering
Innovation from Hart Energy
BAAR, Switzerland, March 26, 2019 /PRNewswire/
-- Weatherford International plc (NYSE: WFT) has
brought to market the world's first remote-activated, single-trip
deepwater completion system. By combining the upper and lower
completions in one trip, the system has been shown to reduce
installation time between 40 and 60 percent and to reduce rig time
by four to six days.
Using radio-frequency identification (RFID) technology, the
field-proven TR1P system delivers 100 percent interventionless
operation in both producer and injector wells.
"Weatherford's TR1P advanced
deployment system has set a new industry benchmark for completion
installations, especially in deepwater environments," said
Mark Hopmann, President, Completions
for Weatherford. "The ability to
perform multiple operations in less time with less equipment and
fewer personnel is a game-changing deepwater solution, and the
answer to our customers challenge to significantly increase
efficiencies when installing deepwater completion systems. TR1P
gives you the ability to perform the operations demanded by your
reservoir, rather than your budget."
The industry has already taken note of TR1P's deepwater
capabilities: It has been named a Spotlight on New Technology®
Award winner by the Offshore Technology Conference (OTC) ahead of
their 2019 event to be held in Houston, May
6-9. TR1P also received a Meritorious Award for Engineering
Innovation from Hart Energy publishing. Both awards are
presented for break-through innovation products impacting offshore
exploration and production.
"Receiving these awards means the industry has recognized the
value in our TR1P technology," said Hopmann. "In a deepwater
injector well in West Africa, TR1P
reduced installation time by 40-60 percent and cut rig time by four
to six days, compared to a two-trip upper and lower completions
process."
As the only provider of RFID technology-enabled downhole tools,
Weatherford coupled that
capability with elements from its existing completions
technologies. The result is the industry's first 100-percent
interventionless operation that significantly reduces the total
cost of an installation of a deepwater completion system.
The TR1P advantage:
- Zero control lines, washpipe, wireline, coiled tubing, workover
rigs and wet-connects
- Function test all components during installation
- Circulate the well from the toe to the heel
- Stimulate and isolate a zone or the whole well
- Set and test selective upper and lower completion
components
- Test independent barriers
- Bring the well online remotely
Weatherford will be presented
the OTC Spotlight on New Technology® Award at 4 PM on May 6, 2019
in the NRG Center Rotunda Lobby.
About Weatherford
Weatherford is one of the largest
multinational oilfield service companies providing innovative
solutions, technology and services to the oil and gas industry. The
Company operates in more than 80 countries and has a network of
approximately 700 locations, including manufacturing, service,
research and development, and training facilities and employs
approximately 26,500 people. For more information, visit
www.weatherford.com and connect with Weatherford on LinkedIn, Facebook, Twitter and
YouTube.
Contacts:
Christoph Bausch
+1.713.836.4615
Executive Vice President and Chief Financial Officer
Karen David-Green
+1.713.836.7430
Senior Vice President Stakeholder Engagement and Chief Marketing
Officer
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