ptc introduction

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www.ptc.as 1 Introduction to Petroleum Technology Company

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Page 1: PTC Introduction

www.ptc.as 1

Introduction to Petroleum Technology Company

Page 2: PTC Introduction

www.ptc.as 2

What We Do

• We help E&P companies with 3 major challenges:

• Assuring and Enhancing Well Integrity

• Increasing Production

• Reducing Costs

Page 3: PTC Introduction

www.ptc.as 3

Enhancing Integrity, Increasing Production, & Reducing Costs

• By providing unique, patented equipment & services including:

• Hydraulic Controlled Surface Annulus Safety Valves

• VR Profile Installed Wellhead Sensor Systems

• Versatile & Safe Wellhead Intervention Services

• Revolutionary Gas Lift Systems & Valves

• Innovative Chemical Injection Systems & Valves

• Life of Well Gas Lift & Chemical Injection Design Services

Page 4: PTC Introduction

www.ptc.as 4

Establishment History

• Equipment & Services

• Often Developed in Response to Specific OPCO ‘Needs’

• Now Used Worldwide

• Clients Currently Include

• IOC’s & NOC’s

• Completion & Wellhead Equipment Lead Contractors

2012201020052002 2003 2004 20082006 2007 2009 2011 2013 2014

PTC est.

StavangerPTC US

est.

PTC UK

est.

PTC Brazil

est.

PTC Abu

Dhabi est.

Page 5: PTC Introduction

www.ptc.as 5

International Presence

Brazil

US GoM

Sakhalin

UK

Norway

Australia

UAE

Congo

Azerbaijan

Qatar

Office/operation

Activity

Location Title Phone no. E-mail

Norway S&M Manager +47-91113117 [email protected]

UK Regional Manager +44-7879816638 [email protected]

USA Regional Manager +1-2813527766 [email protected]

UAE Regional Manager +971 (0) 504195530 [email protected]

Brazil Regional Manager +55 21 41050932 [email protected]

Equatorial Guinea

Page 6: PTC Introduction

www.ptc.as 6

Assuring and Enhancing Well Integrity

Double Barrier Wellhead Solutions for Wells with Live Annuli

• VR Profile Pressure & Temperature Sensor

– Wellhead integrity assured even upon impact or collision

– Wired / wireless real time annulus P&T monitoring

– Eliminates need for a gate valve and instrument flange

– Unaffected by gate valve position or lubricant blockage

• Master Surface Annulus Safety Valve (MSAS)

– Wellhead integrity assured even upon impact or collision

– Hydraulically activated “fail safe closed” check valve as primary barrier

– Actuator located in a spool or in a modified API gate valve (MSAS-G)

Page 7: PTC Introduction

www.ptc.as 7

Assuring and Enhancing Well Integrity

Safe and Efficient Intervention for Wells with Live Annuli

• VR Lubricator Tool

– The most versatile VR lubricator tool on the market

– Reduces risks and simplifies operations in tight well bays / cellars

– Tools for cleaning and refreshing the profile and removing stuck plugs

– High torque capability

Regular VR ToolHigh Torque VR Tool

Page 8: PTC Introduction

www.ptc.as 8

Unique Equipment and Unrivalled Performance

• High Reliability Barrier Accredited Check Valves

– Gas Lift Valves are considered part of the primary barrier envelope

– Durable combination of choke and dart minimize chattering and erosion

• New Bellows Technology for Injection Pressure Operated ( IPO) Valves

– Vastly increased reliability closure eliminates multi-pointing

– Rated up to 20kpsi. Allows deeper deployment resulting in higher production

– Can be used as Operating Valve

– Allows change of gas injection point without intervention

Increasing Production with Gas Lift

Page 9: PTC Introduction

www.ptc.as 9

Unique Equipment and Unrivalled Performance

• Anti Scale Valve increases the valve life in scale environment

– Proprietary Nose Geometry developed using CFD analysis

– Eliminates potential for scale deposition within the valve

– Hydrophobic Coating on flow wetted latch and nose components

• Shear Open Valves saves intervention cost

– Unique IPO multiple Valve Shear or Single Valve Shear options

– Avoids the need for using dummy valves for annulus testing

– Reduced well commissioning time

Increasing Production with Gas Lift

Page 10: PTC Introduction

www.ptc.as 10

Proprietary Gas Lift Design and Analysis Processes

• Life of Field Gas Lift Design Process reduces risks

– Caters for uncertainties and changes in key parameters over the life of the well

– Better Gas Lift and Completion design selection decisions

– Balancing well lifecycle production optimization, well intervention, and operation

Increasing Production with Gas Lift

Page 11: PTC Introduction

www.ptc.as 11

Increasing Production with Chemical Injection

Innovative and Robust Designs

• Retrievable SPM CI valve increases reliability

• Barrier qualified check valve integrated into design

• Strong disc spring protects system from U-tubing

• Dual Bore Sub design improves operations

• Shear system incorporated alongside barrier valve to test injection

line

Page 12: PTC Introduction

www.ptc.as 12

Proprietary Chemical Injection Design and Analysis Processes

• Our chemical injection design process ensures a continuous injection rate at the

mandrel depth over life of field. Several factors are considered:• Depth of Injection

• Initial and late life well parameters

• Injection line size

• Required force in CI valve spring

Increasing Production with Chemical Injection

Page 13: PTC Introduction

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Reducing Costs

Equipment Reliability and Time/Cost Saving Designs

• Well Commissioning and Intervention

• Shear Open Valves (Interventionless well start up)

• IPO as Operating Valve (Interventionless injection depth change)

• Retrofittable MSAS Valves (avoid workover)

• VR Lubricator Operations (safe and efficient intervention operations)

• Gas Lift Straddle Systems

• Concentric Pocket Mandrels (production optimization without workover)

Page 14: PTC Introduction

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Increase Production,

Enhance Well Integrity

Reduce Cost,

Thank you for your time!

Any Questions?