XACT Gulf of Mexico Project Hits High Note
HOUSTON, Texas – XACT Downhole Telemetry Inc., with offices in Houston and Calgary, ended a landmark year that included six deepwater Gulf of Mexico deployments, delivering an industry first, by providing real-time downhole data during a deepwater completion installation with BP.
BP successfully accessed real-time downhole data throughout the well’s completion, using XACT’s acoustic telemetry network, which was seamlessly integrated into the operation.
Six downhole measurement nodes from XACT spanned the 22,700-foot well, enabling BP to monitor critical parameters including downhole weight on the crossover tool, and pressures and temperatures during the well’s completion.
“XACT is thankful to BP for once again giving our team the opportunity to demonstrate the value of our Network,” said Jason Roe, President and CEO of XACT. “The success of this application illustrates the ability of the XACT Acoustic Telemetry Network to provide critical downhole parameters during complex operations.”
XACT has worked with BP’s Upstream Technology group to further develop and deploy the acoustic telemetry network. BP has provided investment funding to XACT through BP Ventures.
“BP partners with XACT to help develop technology that enhances well construction and completions,” said Issam Dairanieh, managing director at BP Ventures. “We view this as a promising digital technology and are pleased to support its deployment and wider industry acceptance.”
XACT achieved multiple industry and application firsts in 2015, including: transmitting real-time data; during a liner installation, cementing operations and while tripping. XACT delivered these operations in the Gulf of Mexico with major operators and demonstrated the value of real-time applied acoustics to enable decisions for lower cost wells.
For more information on how the XACT Acoustic Telemetry Network can facilitate reliable results across the well-construction process, visitwww.xactinc.com or connect with XACT on LinkedIn and Twitter.
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About XACT
XACT Downhole Telemetry, Inc. deploys high-bandwidth, low complexity, in-line acoustic telemetry systems that enhance understanding of conditions along the entire well bore, in almost any operating environment, in real-time. This improves safety and efficiency for oil and gas operators, while reducing cost and risk to solve the most complex well construction problems. Proven effective in over 250 wells and spanning diverse applications, applied acoustics by XACT enable different decisions for reliable well construction results. XACT is committed to working with Operators to give better real time downhole insight, and will continue to serve the Gulf of Mexico market in 2016 while ramping up expansion activities for the future. XACT has offices in Houston, Texas, U.S.A. and Calgary, Alberta, Canada.
About BP Ventures
BP Ventures identifies and invests in private, high growth, disruptive technology companies, accelerating cutting edge innovations that are applicable to the energy sector. The investment portfolio is built around emerging technologies in oil and gas exploration plus a range of specialised innovations and technologies in the following sectors: bioenergy, energy efficiency and storage, carbon management, digital.
Media Contact:
Laura Glueck
Fifth Ring
281-404-4327
laura.glueck@fifthring.com
