AnTech Ltd has been appointed by Lundin Petroleum to carry out an Underbalanced Coiled Tubing Drilling (CTUBD) project to ensure maximum oil recovery from its assets in Europe.
The program builds on a similar, successful project which was completed in 2007. CTUBD allows the wells to be extended without damaging the existing wellbore. This is something that is only possible with this technique.
AnTech's POLARIS Bottom Hole Assembly (BHA) has been purpose built for this type of application, allowing new horizontal drainage holes to be used to offer enhanced oil recovery in a safe, environmentally responsible and efficient way.
Toni Miszewski, Managing Director, AnTech commented: 'This is an exciting project for the AnTech team, and Lundin will be able to take advantage of 22 years of providing specialist solutions to the oil and gas sector. As operating companies seek to produce more from existing wells, Coiled Tubing Drilling is increasingly seen as a cost-effective way for them to do that.
'We are delighted to have been appointed by Lundin Petroleum and believe our offerings sit well with the organisations' values of ensuring maximum oil recovery in a safe and environmentally responsible way.'