Peak Customer commissions Peak to undertake gas testing of the 4-1/2” and 5-1/2” SIMULTRA Retrievable Bridge Plug

PERTH, AUSTRALIA - Peak Well Systems (“Peak”), a leading specialist in the design and development of advanced downhole tools for well intervention, announces that it has been commissioned by an international oil company (the “Customer”) to undertake gas testing of both the 4-1/2” and 5-1/2” SIMULTRA Retrievable Bridge Plug at a 10,000psi and 175degC specification.

The Customer has a requirement for a high-performance retrievable plug for their HTHP high rate wells; and SIMULTRA is the only retrievable bridge plug able to meet these most demanding customer specifications.

Launched last November, Peak’s SIMULTRA range incorporates MetaPlex technology, a unique hybrid metal-elastomer seal that delivers both exceptional performance and improved recovery reliability.

The range has been specifically designed by Peak to address the growing industry demand for high-performance retrievable bridge plugs with reliable recovery every time, whilst capable of providing high temperature, high pressure and gas tight (14310- V0 grade) zonal isolation in even the most extreme sour conditions.

Testing of the 5-1/2” SIMULTRA Retrievable Bridge Plug to the required Customer specification has now commenced at Peak’s state-of-the-art gas pressure testing facility in Aberdeen. Additional Customer-witnessed tests for the 4-1/2” and 5-1/2” SIMULTRA Plugs are expected to take place in September. Upon the successful completion of these tests, attention will turn to securing field tests.

Robin McGowan, Chief Technology Officer at Peak Well Systems, said: “We are very pleased with the progress being made in our development programme for the SIMULTRA range. We now have V0 certification for our 4-1/2” and 5-1/2” Plugs across all standard tubing weights.

The interest already shown by leading oil operators in SIMULTRA technology is a testament to the growing market demand for a higher performance plug with superior retrievability and running clearance to help reduce costs and increase efficiencies in the most challenging gas wells.”

With the 7” Plug now being prepared for testing, Peak remains firmly on its path to delivering a complete SIMULTRA range to the market that will include the 4-1/2”, 5-1/2” and 7” Plugs by Q3 2016.

Peak continues to seek additional field test candidates for the SIMULTRA range. All enquiries can be directed to info@peakwellsystems.com.

-ends-

Media Contact

For more information or requests for photography/graphics, please contact:

Sarah Starick  |  Marketing & Communications Manager  |  Peak Well Systems

P    61 (0) 8 9270 0500  |    61 (0) 488 222 438  |  E  s.starick@peakwellsystems.com

About Peak Well Systems

Peak Well Systems (“Peak”) is a specialist innovator of technically advanced downhole tools that extend well life, restore well integrity and enhance well performance. Peak’s portfolio of products includes solutions for flow control, routine and high-deviation well intervention, extending or restoring well integrity, downhole data acquisition, heavy-duty fishing, wellbore clean-up and debris removal. Peak Well Systems currently employs over 90 staff and offers sales, rental and related services through its Technology Centres and Rental Hubs located in Perth (Australia), Aberdeen (United Kingdom), Dubai (United Arab Emirates) and Kuala Lumpur (Malaysia). For more information, visit: www.peakwellsystems.com.

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Quick facts

Peak commissioned by an international oil company to undertake gas testing of both the 4-1/2” and 5-1/2” SIMULTRA Retrievable Bridge Plug at a 10,000psi and 175degC specification.
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Peak on path to delivering a complete SIMULTRA range to the market that will include the 4-1/2”, 5-1/2” and 7” Plugs by Q3 2016.
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Peak’s SIMULTRA range incorporates MetaPlex technology, a unique hybrid metal-elastomer seal that delivers both exceptional performance and improved recovery reliability.
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The range has been specifically designed by Peak to address the growing industry demand for high-performance retrievable bridge plugs with reliable recovery every time.
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Quotes

“We are very pleased with the progress being made in our development programme for the SIMULTRA range. We now have V0 certification for our 4-1/2” and 5-1/2” Plugs across all standard tubing weights
Robin McGowan, Chief Technology Officer, Peak Well Systems