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Norway's Well Conveyor Received Equity Investment from Chevron Technology Ventures

Gasoil News - Published on Fri, 23 Aug 2019

Image Source: Wikipedia
Norwegian downhole technology company Well Conveyor has received equity investment from Chevron Technology Ventures, supporting the qualification and commercialization phases for the company’s Slim Battery-powered Conveyor. The Slim Battery-powered Conveyor will be the smallest diameter downhole tractor available on the market, offering access to the increasing number of slim, horizontal and highly deviated wells, which up to now have not been serviceable with wireline conveyance.

The Conveyor has been optimized for running on batteries, with an efficient electro-mechanical design, allowing for extended tractoring distances of more than 15,000 feet. Not being dependent on power and communication from the surface allows operators greater flexibility and lower priced conveyance alternatives. The Conveyor has been designed for simplified operations and reduced maintenance, enabling the service to be provided by the regular wireline/conveyance providers. This translates into less interfacing and manpower being needed for operations.

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Posted By : Sanju Moirangthem on Fri, 23 Aug 2019
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