Drilling Contractor: Evolution of intelligent coiled-tubing technologies drives need for better sensors, data interpretation tools to aid real-time decision-making

By Kelli Ainsworth, Editorial Coordinator Coiled-tubing interventions, like everything else in the upstream sector, have taken a hit since oil prices tumbled in 2014. In fact, the coiled-tubing industry declined by 41% from 2014 to 2015 and by an additional 39% from 2015 to year-end 2016, according to data from Spears and Associates. “This is an unprecedented decline in the industry,” said Teoman Altinkopru, VP of marketing and technology, Well Services at Schlumberger. “We haven’t seen such a severe and extended low activity in a very long time. The general theme now is how can we make things more efficient and more cost effective for operators.” Along with advances to keep up with the increasing temperatures, pressures and complexities in today’s wells, coiled-tubing providers are also developing tools to prevent buckling and stuck tubing. This is critical in the longer laterals that operators are drilling and completing. Such tools can also help to better steer coiled tubing when reentering multilateral…

Baker Hughes News Articles

Leave a Reply

Your email address will not be published. Required fields are marked *