Gulf Oil and Gas accountACCOUNT

ExxonMobil Awards Weatherford A Technology License

Source: www.gulfoilandgas.com 3/26/2012, Location: North America

Share |
ExxonMobil Upstream Research Company (URC) announced the licensing of its award-winning Multi-Zone Stimulation Technology (MZSTSM) well treatment process to a subsidiary of Weatherford International Ltd. The MZST process can be used to rapidly and reliably stimulate multiple zones in a single operation, yielding improved well economics.

The MZST process can be particularly beneficial for hydraulic fracturing operations in tight gas, shale gas and coal bed methane wells that target multiple reservoir zones, thick reservoir sections or long reservoir intervals where multiple stimulation treatments are required.

“The MZST process is a proven technology for rapidly completing wells in tight reservoirs such as shale gas,” said URC President Sara Ortwein. “As shale gas takes on growing significance, this technology will play a key role in improving the economics of developing this unconventional resource.”

The MZST process will enable Weatherford to optimize its stimulation operations by combining the deployment of perforating and hydraulic fracturing equipment simultaneously in the wellbore to enable "single-trip" multi-zone stimulations. The technology dramatically increases the number of zones that can be fractured per day compared to traditional fracturing and stimulation operations.

“We are always looking for proven technology to reduce completion costs without sacrificing safety or well integrity,” said Gary Flock, Weatherford vice president of pressure pumping. “The MZST process is an excellent fit with our existing portfolio of completion and well stimulation technologies and services and will help us add value to our customers in the unconventional gas business.”

The MZST process was developed by ExxonMobil Upstream Research Company, an affiliate of Exxon Mobil Corporation. The technology was recognized with Platts Global Energy Award for Most Innovative Commercial Technology in 2005 and has been licensed to numerous service companies.



Shale Gas News in United States >>

United States >>  9/29/2016 - Preliminary weekly data shows that US crude oil imports increased by 252 tb/d, or 3%, in August from the previous month to average 8.5 mb/d. Although ...
United States >>  9/28/2016 - Continuing favourable weather for crop developments in the US has continued to support expectations of plentiful grain supplies, which has pressured f...

United States >>  9/25/2016 - The sweet/sour differentials narrowed further in the US Gulf Coast (USGC), while in Asia and Europe, they widened. ...
United States >>  9/22/2016 - Refinery utilization in the US averaged around 93% in August, corresponding to 16.7 mb/d, a level similar to the previous month and to the same month ...

United States >>  9/18/2016 - Open interest volume (OIV) decreased in July for select US commodity markets such as agriculture, crude oil, natural gas and copper, while it increase...
United States >>  9/6/2016 - US monthly oil demand remained on a positive upward trend in May, supported by the continuing lower oil price environment and in line with rising priv...

Related Categories: Coalbed Methane  General  Heavy Oil  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 |

More News

 

Oil & Gas Companies in United States >>


Related Links

CA US
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.