Courtesy of weatherford.com

At the SPE Thailand E&P Annual Awards Program 2015, held on February 26 in Bangkok, Thailand, the HeatWave™ Extreme service – jointly developed by Weatherford and Chevron – won the top prize recognizing achievement in the oil and gas industry.

The HeatWave Extreme service includes an enhanced logging-while-drilling (LWD) tool string capable of withstanding temperatures of up to 410˚F (210˚C). The high temperature rating enables drillers to log to total depth (TD) in conditions that exceed the current barriers of 347˚F (175˚C) and avoids the need to pull out of the hole, drill blindly or land the well above the planned TD.

The first phase of component development and field testing for the new tool began in May 2014 as a partnered project between Weatherford and Chevron Thailand for offshore gas wells in the Gulf of Thailand. To date, the technology has saved approximately $4 million in rig time and expenses related to temperature mitigation over the course of the 22-well program.

“We are pleased to be recognized not only for our game-changing technology, but also for our close collaboration with Chevron Thailand, who has been an excellent partner throughout this project,” said Etienne Roux, Vice President of Drilling Services at 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 over 100 countries and has a network of approximately 1,200 locations, including manufacturing, service, research and development, and training facilities.

Source: weatherford.com