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Coiled Tubing Industry in a Major Downturn: Challenges & Solutions

18 Jan 2016 8:39 AM | Anonymous

SPE & ICoTA Intersociety Lunch


Date: Tuesday, 19 January, 2016

Speakers: Silviu Livescu & Tom Watkins

Location: Calgary Petroleum Club

Time: 11:30 – 1:00 pm

https://specalgary.com/initiative/56545b3cfebd21a2026f2b51

Abstract:

Coiled tubing has been developed for its ability to perform remedial work on a live well. For more than 50 years, coiled tubing has mainly been an intervention technology used to maintain or increase production. It has evolved from a challenging engineering solution to a mature technology with a global market share of more than $5.4 billion in 2014, including the North America unconventional oil and gas market where coiled tubing is part of the well completion operations.In prior cycles, declines in rig activity have not affected the coiled tubing market immediately. However, the last year downturn has seen a dramatic change in the commodity business model of well interventions, in general, and coiled tubing applications, in particular. The coiled tubing industry, similarly to all other oil and gas sectors, is responding to the new market conditions through technical innovation. Recently developed intelligent coiled tubing systems combine real-time downhole data monitoring with additional capabilities to simultaneously provide downhole power, significantly improving operational efficiency and accelerating well recovery in all types of coiled tubing operations. From milling, stimulation, and well cleanouts to gas lifting, camera services, logging and perforating operations, these novel systems can provide accurate, real-time downhole monitoring of high-resolution depth correlation, differential pressure, and temperature data. The knowledge and confidence gained by using these intelligent coiled tubing systems drive the coiled tubing industry further.

Silviu Livescu Bio:

Silviu Livescu is the chief scientist in Baker Hughes’ worldwide Coiled Tubing Research and Engineering (CTRE) facility in Calgary, Alberta, Canada. He was previously affiliated with ExxonMobil Upstream Research Company in Houston, Texas, USA and the Department of Energy Resources Engineering at Stanford University, California, USA. Silviu has conducted fundamental and applied research and industrial research and development projects in application areas as diverse as reservoir engineering, production engineering, well intervention, and flow assurance. Silviu holds BS and MS degrees from University “Politehnica” of Bucharest, Romania and a PhD degree from University of Delaware, Delaware, USA, all in mechanical engineering.

Tom Watkins Bio:

Tom Watkins is the global field support manager for Baker Hughes' worldwide Coiled Tubing Research and Engineering (CTRE) facility in Calgary, Alberta, Canada. Tom, a licensed engineer in Alberta, brings experience from nearly a decade of working in research and development of coiled tubing technologies. A graduate of SAIT Polytechnic, Tom has several patents and publications helping the industry move forward.

The SPE would like to thank our sponsor for this luncheon

This luncheon is sponsored by Schlumberger. Schlumberger is the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Schlumberger provides the industry’s widest range of products and services from exploration through production.

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https://specalgary.com/initiative/56545b3cfebd21a2026f2b51

January 19, 2016

From 11:45 AM to 1:00 PM

Calgary Petroleum Club

319 5th Ave SW

Calgary, AB


ICoTA Canadian Chapter
PO Box 1224
Red Deer, AB  T4N 6S6


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