Agreement to acquire 100% shares in Petroleum Technology Company (PTC)We've entered into an agreement to acquire 100 % of the shares in PTC, the agreement which is conditional upon necessary regulatory approvals is expected to close towards the end of Q2 this year.
Our Inter Remote Bypass Valve (IRBV) 467-782 is now V0 qualified to 10,000 psi according to ISO 1431The IRBV allows for fluid bypass for circulation and/or fluid bypass while running in hole.
Successfully installing Gas Lift Straddles, with minimal well interventions, in a maturing subsea wellIt's always rewarding when people and technologies combine to deliver a project smartly and efficiently. Recently, our Aberdeen team worked closely with their client’s project team and a fellow service provider to install two of our Gas Lift Straddles, with minimal well interventions, in a maturing subsea well.
Interwell and Tendeka shortlisted for the OWI Global Awards 2021 ‘Best Example of Collaboration’We're pleased to have been shortlisted for the OWI Global Awards 2021 ‘Best Example of Collaboration’ for our work in partnership with Tendeka.
Inter Remote Bypass Valves eliminate the need for intervention during the pre-production phase of a wellLast week two Inter Remote Bypass Valves (IRBVs) were successfully installed and operated in a well