The Intervention & Coiled Tubing Association (ICoTA) is a not-for-profit, member-funded organization with the primary objective of improving communication and promotion of technical awareness within the well intervention industry. Membership comprises individuals from all sectors of the coiled tubing industry including service users, service providers, tubing and equipment manufacturers.
EPlug wins the 2016 10th Annual Intervention Technology Award for its
TorcPlug® Single Trip Multiple Set and Retrieve Bridge Plug Technology!
March 22, 2016 EPlug was awarded the 2016 Intervention Technology Award for its TorcPlug technology; a new technology that reduce costs and risks to customers through better operational efficiency.
The TorcPlug® is a barrier plug that can be set and released in the same run (multiple set and release), without having to release from the Plug itself, which is also risk reducing with respect to debris. TorcPlug® has the ability to save time and cost on several well operations within completions and interventions.
Hein received the winner’s trophy from Alan Turner, Senior Chairman of ICoTA at the SPE/ICoTA Well Intervention and Coiled Tubing Conference & Exhibition, held at the George R. Brown in Houston.
For additional information, visit the E Plug website.
Other close contenders (in no particular order) short-listed for this year’s award were:
Schlumberger - ACTive DFLO CT Real-time Flow Measurement Tool
Cannseal - Annular Zonal Isolation
Cormorant - Economically Viable Gas Well Dewatering Pump System
ICoTA International’s Annual Intervention Technology Award recognizes outstanding technical innovation or application of technology for well intervention. The application of the newintervention technology or technique should demonstrate; reduced risk, increased production, improved safety or minimized environmental impact. See past recipients.
25 - 26 May 2016 SPE Coiled Tubing Workshop: Taking the Lead with Coiled Tubing Technologies in a Challenging Oil Market Sofitel Dubai Jumeirah Beach Hotel
Due to persistently low oil prices in the world economy, national and indepent oil companies are reducing their operating expenditures, which is directly effecting service companies, including equipment manufacturers and suppliers. Oil price is as obvious a driver for well intervention as mobilising a rig in some conditions, and with its associated costs, can be too expensive. So, it is time to promote going rigless with coiled tubing interventions. Technical Agenda