Neodrill Enters Australian Market

Wednesday, November 13, 2019

Pre-rig technology company Neodrill announced it is bringing its CAN (Conductor Anchor Node) technology to Australia and New Zealand. To support this new phase of growth, the role of business development manager for the region has been created. The position has been filled by Tim Dallas, Business Development Manager APAC.

Neodrill’s technology is applicable under all well conditions and water depths. This adaptability is particularly useful in areas, like Western Australia, where there is a wide range of water depths and sea conditions. In the North West shelf waters can range from 50 meters to 1,300 meters, with some newer exploration areas reaching further depths. With a strong commitment among operators in the region to high environmental standards, the technology’s green credentials will be a key selling point. A recent Lifecycle Assessment by Asplan Viak found that the environmental impact of the CAN-ductor is between 21-44% less than that of a conventionally drilled well.  

In 2018, Neodrill partnered with Woodside Energy on its Ferrand-1 exploration well in Western Australia.  At 1,500 meters, it was the deepest CAN-ductor installation to date and led to significant cost savings with 3-4 rig days saved from the drilling schedule

Commenting on the appointment, Neodrill’s Chief Executive Officer, Jostein Aleksandersen said, “Australia is a heavily regulated region and companies exploring for oil and gas are committed to minimizing their environmental impacts. We are very proud to be playing a role in helping the industry transition to cleaner, safer and greener processes.

“We have already shown the ability of our technology in the region, with our deepest ever Can-ductor installation on the the Ferrand-1 exploration well. We look forward to working with more partners across the region – and setting new records for our technology.”

Dallas said, “The CAN is an innovative adaptation of the long-established suction anchor technology. It is applied in a way that provides a step change in the approach to well design and installation. Not only does it reduce cost, but it provides the advantage of easy and effective decommissioning of an exploration well, with the added advantage of re-use. I am very proud to bring Neodrill’s CAN Technology to the Australian and New Zealand markets.”

Categories: People Drilling Industry News Completions Australia/NZ Hardware

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