Courtesy of worldoil.com

Scottish technology company, Delphian Ballistics, is celebrating a key milestone in the commercialization of its product.

The company has deployed 150 of its TriStim perforation guns across the U.S. and Canada in January alone. The company has lined up a healthy pipeline of work for 2016, with a large order on route to New Zealand, which will be deployed next month.

The firm, which designed the system to be used in both conventional and unconventional wells, is firmly on track to meet its projected revenue in 2017, after completing its breakthrough onshore fracing project in Oklahoma last year.

As part of its global roll out campaign, Delphian Ballistics has signed a collaboration agreement with a leading service provider in Canada and is poised to sign up further partners in New Zealand, the U.S. and the Middle East.

The technology is based on the physics of ballistics and the placement of power and has no direct competitor in the marketplace.

Stuart McLeod, managing director of Delphian Ballistics, said: “TriStim offers a smarter way to perforate. Whether for conventional production, fracing or for stimulation, it delivers enhanced perforations resulting in increased well productivity and enhanced fracture dynamics.

The technical capabilities of TriStim, created from an understanding of the physics of ballistics which harness converging shockwaves to produce a cleaner, bigger and deeper hole, are now well documented and understood.

For conventional wells the implications of improving hydrocarbon flow, and hence increasing productivity, go far beyond simply producing more bpd.

TriStim makes depleted and uneconomic assets viable again, whether individual wells or entire fields.

Source: worldoil.com