Weatherford Wins Four-year Deal with Petrobras

Wednesday, October 2, 2019

Oilfield services company Weatherford International announced it has secured a contract with Brazilian-based multinational corporation Petróleo Brasileiro S.A., more commonly known as Petrobras, to deliver 24 Optimax deep-set safety valves in the next four years.

The deal is Weatherford's largest-ever contract for deep-set safety valves, the company said.

The Optimax deep-set safety valve protects against catastrophic loss of well control by providing fail-safe closures at pressure up to 10,000 psi and are rated for setting depths as deep as 3,658 meters, Weatherford said. The valves are monogrammed to API-14A's highest validation grade of V1.

"The Weatherford Optimax deep-set safety valve is a victory in innovative thinking," said Mark Hopmann, President of Completions for Weatherford. Hopmann added, "Conventional deep-set valves typically require nitrogen-charged chambers to compensate for the high hydrostatic pressure of the control line. The Optimax deep-set safety valve overcomes this challenge with a design that utilizes highly reliable, field-proven technology."

An integral part of the completion string, the Optimax deep-set safety valve is controlled by a primary hydraulic control line. Application of control-line pressure keeps the valve in the open position. When pressure is bled off, the valve closes to protect property, personnel, and the environment. A secondary upward-facing piston, plus heavy-duty power springs, enable fail-safe closure while keeping the hold-open pressure to a minimum.

Categories: Industry News South America Completions Technology Deepwater Well Control Contracts

Related Stories

Saudi Aramco Unit to Market Guyana's Crude for One Year

Well Expertise Deploys Data Gumbo's Smart Contract Solution for Wellesley Petroleum Work

CGG Extends Seismic Vessel Deal with Shearwater in Brazil

Current News

Sapura Energy CFO to Step Down

Neptune Energy Seeks Permission to Boost Cygnus Field Output Amid Soaring Gas Prices

BW Ideol to Build Floating Wind Foundations in Scotland's Ardersier Port

Cameroon: Tower Resources Nears Thali Block Farm-out

Subscribe for OE Digital E‑News