Latest news with #wellcompletions
Yahoo
6 days ago
- Business
- Yahoo
Halliburton to support NEP's CCS project in UK
Halliburton has secured a contract for the Northern Endurance Partnership (NEP) carbon capture and storage (CCS) system, part of the East Coast Cluster (ECC) in north-east England. Under this contract, the company will deliver completions and downhole monitoring services. The equipment necessary for the CCS project will be primarily manufactured at Halliburton's UK completion manufacturing facility in Arbroath, Scotland. This facility has been instrumental in backing North Sea operations for more than five decades, offering manufacturing capabilities and on-site product development and testing resources. Halliburton Europe, Eurasia and sub-Saharan Africa senior vice-president Jean-Marc Lopez said: 'Halliburton is pleased to develop and deliver innovative well completions and monitoring solutions for this groundbreaking carbon storage project. 'This project allows expansion of our completions activity and showcases Halliburton's leadership in CCS projects. We look forward to the opportunity to deliver our services to support the NEP project.' The NEP infrastructure is engineered to oversee a CO₂ collection network, onshore compression facilities, a 145-km offshore pipeline, and subsea injection and monitoring systems for the Endurance saline aquifer. It is situated roughly 1,000m beneath the sea floor. The system aims to transport and permanently store up to an initial four million tonnes per annum of CO₂. NEP, established in 2020 as the ECC's CO₂ transportation and storage provider, is a joint venture (JV) comprising Equinor, bp and TotalEnergies. The JV will manage the transport and storage of CO₂ emissions from the industrial clusters of Teesside and Humber. Earlier in the year, Halliburton also secured a five-year contract with Repsol Resources UK to improve the full well life cycle at Repsol's platform assets in the UK North Sea. "Halliburton to support NEP's CCS project in UK" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
26-06-2025
- Business
- Yahoo
Schlumberger Launches Electris: New Digital Electric Well Technologies to Boost Production, Cut Costs
Schlumberger Limited (NYSE:SLB) is one of the most active stocks to buy according to analysts. Earlier last month, in May, Schlumberger introduced Electris, which is a new portfolio of digitally enabled electric well completions technologies. These technologies are designed to enhance oil & gas production and recovery while simultaneously reducing the total cost of ownership for an asset. The announcement was made at the Offshore Technology Conference in Houston, Texas. Electris completions digitalize control of the entire productive area of the wellbore and provide real-time production intelligence across the reservoir. The real-time data allows operators to anticipate, adjust, and react confidently to dynamic production conditions. It also enables access to reserves that conventional systems typically leave behind. An aerial view of a well site, depicting the scale of oil and gas operations. The Electris technology has already seen over 100 installations across 5 countries. As an example, in Norway, Electris completions were deployed offshore in an extended-reach well to boost oil production. The system's intelligence helps the operator identify which zones are contributing to production, which optimizes oil output and minimizes produced water. By controlling water production, Electris completions have reduced the energy required to lift and reinject treated water back into the reservoir. Schlumberger Limited (NYSE:SLB) provides technology for the energy industry worldwide. It has 4 divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. While we acknowledge the potential of SLB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Trade Arabia
08-05-2025
- Business
- Trade Arabia
SLB introduces digital electric well solutions to maximise production
SLB has launched Electris, a portfolio of digitally enabled electric well completions technologies that enhance production and recovery while reducing asset ownership costs. These technologies digitally control the entire productive area of the wellbore, providing real-time production intelligence across the reservoir. This improves reservoir management and allows operators to predict, adapt, and act confidently in response to dynamic production conditions. 'Electris completions take reservoir management to the next level — making it possible for operators to get more out of their assets with fewer requirements for costly well interventions,' said Paul Sims, president, Production Systems. 'With much of the 'easy' oil already produced, operators are encountering more and more complex reservoirs. Electris completions can help shift the production economics in these reservoirs — resulting in higher recovery factors that maximise return on investment from the asset.' There have been more than 100 installations of Electris completions technologies across five countries. In Norway, Electris completions were deployed offshore to enhance oil production in an extended-reach well. The operator is using intelligence from the system to determine which zones are contributing to production to optimise oil output and minimise produced water. Controlling water production with Electris completions has decreased the energy needed to lift and then pump treated water back into the reservoir.
