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维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com 2 Sep, 2015 Introduction to Vertechs

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Page 1: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

2 Sep, 2015

Introduction to Vertechs

Page 2: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Contents

Who is Vertechs

Products & Services Portfolio

Page 3: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Who is Vertechs

Page 4: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

For more information, please visit our website www.vertechs.com or follow us on LinkedIn by searching company name: Vertechs

VERTECHS

VERTEX

VERTEX®

A registered trademark in US & China

Versatile Technologies

About Vertechs

Page 5: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Vertechs’ Core Value & Philosophy

Quick Delivery/Response

VERTECHSCore Value

&

Philosophy MUTUAL BENEFIT

Page 6: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Company Org ChartVertechs Oil & Gas Technology Co., Ltd

IT Support Admin Team

Logistics Team

HSE Officer

FinanceEngineering

Team

AE Team

Field Service Team

Legal advisorProcurement

Team

Consultant, Calgary Canada

Vertechs Oil & Gas Service Co., Ltd

Vertechs Oil & Gas Technology HK Co., Ltd

Vertechs Oil & Gas Technology USA LLC

Page 7: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Vertechs QHSE Management System

BV Certified ISO9001, ISO14001, OHSAS18001

QHSE system in place.

Accident free for 1218 days.

Achilles Quality System certified.

Green Banding vendor of Shell

(Top HSE management level).

Page 8: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

QHSE Policy – Vertechs QHSE Policy

– Vertechs QHSE Objectives

– Change Management Procedure

– Emergency Response

– Escape Handbook

QHSE Operations Management – SOP ( Cementing, AUI Logging etc.)

– Certification ( H2S Environment Operation

Certificate, HSE Certification, Radiation Operation

Certification etc.)

– Training ( Driving, HSE etc.)

– Third Party Management (Lab Operation Manuals,

Logistics HSE Management, Vendor Selection

Procedure etc.)

– Risk Management

– Health ( Physical Check)

– Incident Learning Communication

Transportation Management -- Incident

-- Training Record

-- Vehicle Management

-- JMP – Journey Management Plan

QHSE System Audit -- HSE Audit Procedure

-- HSE MS Review Procedure

-- HSE Management Review Plan

-- HSE Plan-Vehicle Fleet

-- Incident Investigation Procedure

Vertechs QHSE MS Structure

Page 9: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Social Responsibility COPA (Chinese Overseas Petroleum Alumni) Sponsor.

Participate and contribute to Charity parties for SOS Children village fund-raising.

Provide internship opportunities for students from local universities.

SPE activities Sponsor.

Monitoring China’s remote, impoverished areas for opportunities to contribute,

organizing donation drives for improving education.

www.copaus.org

Page 10: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Products & Services Portfolio

Page 11: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Products & Services Portfolio

Page 12: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Product & Services Portfolio

Vertechs Oil & Gas Technology Co., Ltd.

Vertechs Oil & Gas Technology HK Co, Ltd.

Vertechs Oil & Gas Solutions

Product Sales

Drilling & Completions

Casing Accessories & Specialty Tools

Cementing & Drilling Fluid Specialty Additives

Engineering Services

Cementing/TD Solutions

Open-Hole & Cased-Hole Completions

Evaluation

Production Optimizations

Page 13: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Integrated Solution Segments

Completions

CementingTD Solutions

Specialty Additives

Evaluation

Production Optimization

LESSON

LESSON

Page 14: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Cementing & Drilling Fluid

Specialty Additives

Page 15: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Cementing Services & Additives Best-in-Class Cementing Services

Multi-FIT Cement System

Elastoplastic Additive FlexPlusTM

VXR Ultra-Stable Retarder

UltraBondTM Interface Strengthening Additive

Drilling Fluid Specialty Additives ULIATM Ultra-Low Invasion Additive

SealTEXTM Loss Circulation Solution

VCleanTM High Efficient OBM Flush Additive

Cementing & Drilling Fluid Specialty Additives

Page 16: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

• 13 wells flawless cementing performance on IOC challenging shale gas project in southwest China.

• 5” liner cementing on the deepest exploration well in Asia. Total vertical depth 8408m.

• 5” liner cementing with the ultralow slurry density at 9.18ppg on PetroChina southwest China project.

• 5” liner cementing on the ultra-high temperature well with BHCT at 400 degF in northwest China.

• 5” liner cementing with the ultrahigh slurry density at 21.7ppg in gypsum formation in southwest China.

• 7” liner cementing in the longest horizontal section (1716m) in southwest China.

• The deepest 9-5/8” casing cementing in dry borehole (without drilling fluid) after air drilling, vertical well depth 3579m.

• The deepest 5-3/4” liner cementing in slim hole at vertical depth 7398m for Sinopec.

Best-in-Class Cementing Services

Page 17: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Operation ExcellenceCementing Services

Page 18: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com18

Best-in-Class Cementing Services

Multi-FIT Cement System

High Formation Temperature High Formation Pressure High Cement Density Long Cemented Interval with High Temperature Differential

Narrow Annulus Significant Background Gas Significant Mud Losses

FlexPlus Elastoplastic Additive Fiblok for Loss Circulation

OBM High Efficient Spacer VClean

Displacement Fluid: Brine (CaCl2, NaCl) High Pump Pressure

Optimization Procedure

Expertise &

Experience

Challenges: Solutions:

Page 19: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Multi-FIT Cement SystemThe PROVEN solution of HTHP & high differential temperature application

Specialty additive for high differential temperature between bottom hole and TOC (up to 248 deg F

differential temperature)

All additives are stable under high temperature (up to 428 deg F)

Applicable to density range from 9.18ppg to 24.20ppg

Good compatibility with OBM/WBM

Multi-FIT Cement System

Page 20: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Multi-FIT Case History in southwest China IOC shale gas ops

Block Number of Wells

TOC/BottomTemperature,

Lab Test Pressure,

psi

Cement SlurryDensity, ppg

OBM Weight, ppg

OperationResult

AnnulusPressure

Fushun Shale Gas7

(6 horizontal、1×vertical)

97/277 12035 16.70– 19.20 14.52 – 17.87 Good No

Zitong Tight Gas3 (Vertical、directional

well)104/264 14935 17.02 – 19.20 15.36 – 18.36 Good No

Jinqiu Tight Gas5 (Vertical、directional

well)93/221

12905 17.02– 20.03 15.36 – 16.19 Good No

Multi-FIT Cement System

Page 21: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Before After

Proprietary fiber Fiblok is used to cope with seepage losses and for better borehole

clean up. Proven in over 100 wells for wellbore cleaning up and losses prevention.

Multi-FIT Cement System

Page 22: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Vertechs Cementing Additives

Fluid Loss Control Additives AquaLok ,VFLFriction Reducer/Dispersant DispLite ,DISVRetarder VSR, VXRAccelerators AccemGas Migration additive GasTieElastoplastic Additive FlexPlusExpander Xpander, GXpanderSuspend Additive VSLoss Circulation Fiblok, ULIA, SealTEXInterface Strengthening Additive UltraBondDefoamer DFSpacer VispacerFlush Additive VClean, XweeperSilica SilicaMicro Silica Micro SilicaHeavy Weight Additive VHW, Xdense, Barite, MicroMaxLight weight Additive VLW, Vlite

Page 23: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Patented FlexPlus is utilized to increase the elastic properties of cement sheath,

minimizing annular pressure risk after fracturing. FlexPlus has been proven in over

30 wells cementing operations.

Elastoplastic Additive FlexPlusTM

Page 24: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

The key to differentiate Multi-FIT cement slurry system

Temperature range: 95degF − 400degF (BHST).

Large differential temperature solution (over 212degF), high compressive strength (up

to 1015psi@72h) at TOC.

Applicable to ultra-low density (9.18ppg) and ultra-high density (24.2ppg) slurry

range.

Less sensitive to temperature, pressure or density.

VXR Ultra-Stable Retarder

Page 25: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

UltraBond Interface Strengthening Additive is utilized to enhance the interface between

cement sheath and mud cake on the wellbore which minimizes gas migration and

annular pressure risk.

Inert additive with no interference to the properties of

cement slurry. Compatible with all fluid systems and

cement slurry.

UltraBond enhance the mud cake on wellbore and

have better cement sheath.

Applicable to all the cementing challenging wells with

TD within 10,000m.

Common cake

Cake with UltraBond

Common cake-rock interface

UltraBond cake-rock interface

UltraBondTM Interface Strengthening Additive

Page 26: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

HPIT – High Pressure Invasion Tester

Features• One-fit-all LCM & fluids invasion tester

• Differential testing pressure up to 800psi

• Simple manual operation

• Compact, all accessories in one toolbox

• NO external power or gas source required

• Transparent invasion observation window

The most compact high pressure, visual drilling fluids invasion tester

Patent Pending

Page 27: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

ULIATM Ultra-Low Invasion Additive

ULIATM is a field proven additive that allows building a low invasion drilling

fluid which improves wellbore circumferential stress, prevents hole collapse

and effectively controls mud losses. Since ULIATM has no polymer

component it can be used in temperatures up to 350degF.

Features

• PSD optimization resulting in less screen out by shakers.

• Minimum impact to rheology due to no polymer component.

• Less formation damage due to acid solubility.

• Completely compatible with MWD/ LWD tools

• Compatible with both water based and synthetic based muds.

Proprietary Ultra Low Invasion Additive

20-40mesh sand bed testing @750psiInvasion length less than 2”

Page 28: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

SealTEXTM Loss Circulation SolutionSealTEXTM is a unique blend of inorganic sealants and bridging agents that are used as an

innovative approach to loss. SealTEXTM effectively bridge and seal extremely permeable

formations, over-balanced formations or hydraulically induced fractures. It is a fast acting and

extremely cost-effective solution to lost circulation in many types of downhole conditions.

Features• Pre-mixed and packaged • Compatible with all fluid systems • Mixes in existing fluid with the rig equipment • Eliminates need for multiple LCM products • Saves rig space and minimizes waste • Environmentally safe, non-toxic• Use as a spot, sweep or as a squeeze pill

0.2” beads bed testing @750psiInvasion cake less than 1/2”

Page 29: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

XPLUG® - Right Angle Set Resin

• Right angle set.

• Functions across a wide range of temperatures

(40 – 300℉).

• High compressive strengths – 4 times higher than

average cement.

• Over 60 times the tensile strength of cement.

• Low viscosity (25 cps) prior to cross linking.

• Density ranges of 7.0ppg up to 19.0ppg.

• Easy drill out.

• Ultra-high shear bond strengths (over 2,000psi).

Features

XPLUG®, a right-angle set resin system is ideal for use in instances of massive loss circulation.

In zones where losses are always heavy, XPLUG® provides a cement-like consistency that

stops leaks and gets production moving again.

• Micro-annuli repair.

• Sealing failed cement plugs

& packers.

• Plugging control lines.

• Casing leaks.

• Water shut-off.

• Kick off plugs.

Applications

Page 30: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

VCleanTM High Efficient OBM Flush Additive

• Effective cleaning, excellent performance with emulsion

breaking, thinning, dissolving & dispersion.

• Biodegradable and environmentally acceptable.

• Compatible with fresh water, seawater and clear brines.

• Working temperature up to 350 degF.

Features

VCleanTM is a solvent/detergent additive designed specifically for OBM environments. VClean is

field proven to provide efficient cleanup of residue deposits and creates a water wet environment

on the casing and downhole tools prior to perforating the casing and stimulating the well.

Drill pipes POOH in OBM well.

Drill pipes POOH after VClean ops.

Page 31: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

TD Solutions & Casing Accessories

The definition of TD Solutions

By utilizing systematic approaches, combinations of various types of

centralizers, specialty tools and comprehensive simulations, to maximize

the odds of successfully running casing to the total designed depth.

Page 32: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Key factors of TD solutions

• In-depth understanding of well

background

• In-depth understanding of various

casing accessories

• Engineering simulation &

optimizations

• Specialty tools

• Experience

TD Solutions & Casing Accessories

Page 33: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

TD Solutions & Casing Accessories

Page 34: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

TD Solutions –Specialty Tool, HydroGRS™

HydroGRS™ (Hydraulic Guide/Reamer Shoe) is a guide shoe designed to assist in

getting the casing to bottom in difficult environments saving time and overall costs. The shoe

has a proven track record of getting casing to bottom in a significantly shorter time when

swelling shales, ledges and/or washed out areas are hampering the ability to get

casing to TD successfully. The rotary nose is free to rotate as needed to

“follow” the hole while running casing but can be rotated with

pump pressure to actually ream the hole if necessary.

5” to 9-5/8” tool designs available

As an innovative casing running solution, HydroGRS™ was published by “JPT, July 2015”

Page 35: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Casing Accessories –Specialty Tool, CST

Cement Support Tool (CST), is the only tool that can be pumped through a Drill Pipe for several thousand feet and after exiting the pipe, fill the open hole and be a support for an off bottom cement plug.

Features

• Proven in more than 1,000 operations, no failure

• Multiple cement plugs can be set with multiple CST’s with only

one trip in the hole

• Easy transportation and operation

• Easy drillability with rock bit

Page 36: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Completions – Multi-Stage Fracturing System

News Update by PetroChina

• Open-hole ball drop systems

• Open-hole ball seats retrievable systems

• PhantomTM big bore bridge plugs

• WIZARDTM dissolvable plugs

Page 37: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Open-hole ball seats retrievable systems

Features & Benefits• Single trip retrievable ball and seat system using coiled tubing or jointed pipe.

• Leaves full bore ID post retrieval, unobstructed flow from toe to heel.

• No post stimulation milling or drilling, saves up to 40% of post fracturing completion time.

• Ball activated fracturing sleeve.

• Suitable sleeves for zonal isolation/water shut-off and workover capabilities. throughout the life cycle of the well.

• Liner top technology allows full rotation of liner during installation.

• Minimize fluid loss to formation during post stimulation clean-up.

Page 38: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Open-hole ball seats retrievable systems

Page 39: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Track Records

Retrievable Ball Seat System Track Record China 2012-2014

Well No. Date Location Tubing Stage Ops StatusXXX 2012/5/1 North China PetroChina 4.5" 6 RetrievedXX 2012/7/1 CQ PetroChina 4.5" 6 RetrievedXX 2012/8/1 Sichuan PetroChina 4.5" 8 RetrievedXX 2012/9/1 Sichuan PetroChina 3.5" 6 RetrievedXX 2012/11/1 East China PetroChina 4.5" 7 RetrievedXX 2012/12/1 East China PetroChina 4.5" 7 RetrievedXX 2012/12/1 East China PetroChina 4.5" 3 RetrievedXX 2013/5/1 Sichuan PetroChina 3.5" 5 RetrievedXX 2013/5/1 North China PetroChina 4.5" 7 RetrievedXX 2013/5/2 North China PetroChina 4.5" 13 RetrievedXX 2013/5/3 North China Sinopec 4.5" 9 RetrievedXX 2013/5/4 North China Sinopec 4.5" 9 RetrievedXX 2013/6/1 North China Sinopec 4.5" 6 RetrievedXX 2013/6/1 North China Sinopec 4.5" 11 RetrievedXX 2013/6/2 North China Sinopec 4.5" 12 RetrievedXX 2013/7/1 North China Sinopec 4.5" 9 RetrievedXX 2013/7/2 Sichuan PetroChina 3.5" 10 Retrieved

Page 40: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

New technology evolved from perf & plug (composite).

Max 3” ID (for 5.5” casing)& VVANISHTM dissolvable frac balls.

NO more drill out with CT, operation risk minimized, switch from stimulation to

production way faster.

Plugs can be deployed into deeper horizontal interval.

Robust & reliable. ZERO failure or premature set.

PhantomTM big bore bridge plugs

Page 41: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Proven in horizontal wells over 5,500m depth. 573 plugs run in hole to date, ZERO failure or premature set.

PhantomTM big bore bridge plugs

Page 42: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Size available from 1” to 3.75”. Specific gravity 1.87SG. Dissolves when in contact with formation fluids, requires no

acid or other chemicals to dissolve. Surface coated to delay dissolving and maintain stability

until stimulation operations are complete. Stronger than comparable composite balls enabling

pressure ratings up to 10,000psi. Manufactured with strict tolerances to ensure success of

operations. Can be applied in well temperature 77~ 302 degF.

VVANISHTM Metal Dissolvable Frac Ball

VVANISHTM dissolvable frac ball after pressure testing to 10kpsi,30mins

Page 43: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

WIZARDTM dissolvable plugs

Game-changing WIZARDTM dissolvable plugs, a fully dissolvable plug rated to 10kpsi, no debris after the plug is fully dissolved downhole, WIZARDTM

is at the last stage of testing, will be launched in Q4 2015.

Page 44: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

WL Logging – AUI (Annular Ultrasonic Imaging)

AUI, Annular Ultrasonic Imaging Logging is an advanced cased-hole logging technology utilizing detection of

echo amplitude, time of echo and echo attenuation mechanism. AUI provides precise evaluation of cement

bond quality with 360°imaging profile. The casing OD & ID, corrosion and stand-off information can also be

obtained simultaneously. It has been utilized for cement bond imaging analysis on a large number of wells both

home and abroad.

AUI Logging ToolPrinciple Field Ops

Visualizing your cement sheath properties!

Page 45: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

WL Logging – TNIS (Thermal Neutron Imaging Logging)

Thermal neutron imaging logging tool(TNIS)can be applied to both open hole and cased hole in order to

monitor the saturation in low porosity and low salinity formation, and to analyze the oil in low permeability

formation and gas-water layer. It can offer quantitative evaluation of the current reservoir shale content,

porosity, oil saturation, etc. It is able to indicate the oil and water interface precisely and evaluate the effect

of the current reservoir water levels and flooding, thus providing a strong technical support for oilfield

development.Visualizing your reservoir performance!

Page 46: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Downhole tubing and casing damage is a widespread phenomenon in oil and gas exploration & development, the conventional detection technology is limited by signal attenuation and difficult to pinpoint the leak point. Dark Knight use sonar technology combined with signal amplification and enhancement transport components to realize reliable detection of Ultra-deep well up to 7,000m.

Service Advantages•No need to kill well, can operate with pressure •Competent detection in ultra-deep wells up to 7,000m•Can detect tubing and casing at same time •High detection efficiency•Professional engineers for logging operations & interpretation•Proven equipment manufactured in Canada

Dark Knight – Leak Detection Logging

Single logging trip for accurate downhole leak detection!

Page 47: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Production Optimizations

Rigless ESP System

Break through the limitation of rig

facility, use wire-line for workover.

Be compatible with standard ESP unit

Minimize the cost & human labor.

Minimize well-down time & maximize

production time.

Protect reservoir

Page 48: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Production Optimizations

Rigless ESP System

The core components contain Wet Connector, Space-

Out Assembly, and Hanger Assembly,

Wet Connector:The stab-in wet connector which combined

at the bottom of ESP motor provides channel for flow and

accepts wet connector assembly inside.

Space-Out Assembly:It has two main functions,

compensate length extension and insure insert action

precisely & eliminate ESP vibrating and shaking against the

wet connector.

Hanger Assembly:The hanger assembly can support the

system’s weight, prevent axial and radial moving of center

string.

Page 49: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Production Optimizations

Traditional ESP system VS Rigless ESP System

Traditional ESP system Rigless ESP System

Auxiliary facility Rig Slick line unitLabor force 40 people 6-7 people

Duration 7 days 6-10 Hours

Down time 7-10 days 2 days

Workover cost High Low

Page 50: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Production Optimizations

• Plunger lift systems

• EM services

(for drilling and production phases)

• Well temporary/permanent isolation

or abandonment.

• Well integrity assessment

(AUI, CIT, MFL, Dark Knight LDT)

Page 51: Introduction to Vertechs · 2015-09-24 · Displacement Fluid: Brine (CaCl 2, NaCl) ... visual drilling fluids invasion tester Patent Pending . ... • Compatible with fresh water,

维泰油气能源技术有限公司 Vertechs Oil & Gas Technology Co., Ltd. www.vertechs.com

Please contact the following for more information

[email protected]

Gary Zhang Cell +86 13981712752 Office +86 28 6527 2081 Ext. 805 email: [email protected]

Liam Zeng Cell +86 15882416599 Office +86 28 6527 2086 Ext. 810 email: [email protected]

Accountability Trust Innovation Mutual Benefit

www.vertechs.comVERTECHS® Your One-source Oil & Gas Solutions