[ 26.March 2008 ]

Ziebel Acquires the Nescos Advanced Downhole Well Completion Equipment technology from GGS Spectrun

Stavanger-based reservoir competence and wellbore technology company, Ziebel AS, announced today the successful acquisition of the NESCOS technology developed by Nescos AS at Ålgård, Norway. Ziebel bought the patents, technology and name rights from GGS Spectrum. The Nescos employees will move to Ziebel effective immediately.

Nescos has over the past years worked on the development of advanced active valve systems used to optimize the well production by the oil companies. Their hydraulic controlled active valves have further been installed and operated in the field. The main Nescos AS technologies that have been acquired by Ziebel AS are:

NESCOS, an all-hydraulic active well completion system for flow control in hydrocarbon producing and water injection wells. NESCOS has several innovative features, such as rotation sleeve, metal-to-metal sealing and multi-position choke.

The MRS flow valve is operated by either coiled tubing or a wireline tractor shifting tool and provides sensor feedback on sleeve position.

Together with Ziebel’s competence with inflow control devices (ICD), “smart” sand screens, inflow performance knowledge (ICDSIM), data acquisition technology and in depth reservoir competence the Nescos technology will fit well in the offerings and further expand the knowhow and solutions offered by Ziebel to their customers.

‘With the acquisition of the Nescos technology, Ziebel is now able to offer industry leading completion solutions to the oil and gas industry. We have now made significant headway of seeing our vision, to provide oil companies with superior integrated drainage solutions, materialize’. said Ziebel’s CEO, David Ottesen.

 

About Ziebel

Ziebel AS, headquartered in Stavanger, delivers proprietary products, services  and solutions to the upstream oil & gas industry such as; downhole instrumentation and control systems, innovative well completion solutions combined with reservoir- and flow assurance simulators, downhole monitoring solutions, subsea observation well monitoring, artificial lift solutions, as well as services that include fiber optic well logging interventions, deployment systems, evaluation of reservoir performance and artificial lift optimization.  In addition Ziebel is a respected provider of subsurface asset consulting and production management solutions through its wholly owned subsidiary Knowledge Reservoir.

Ziebel, with a workforce of more than 200 employees has personnel and operations in a number of countries covering Western Europe, North and South America, the Middle East and South East Asia.