ExxonMobil and MagnaBond to Collaborate on New Well Integrity Evaluation Technologies
January 16 2018 - 9:00AM
Business Wire
- New technologies designed to address
well decommissioning activities
- Focus on developing through-tubing
cement evaluation and casing imaging tool
- Expected to provide a cost-effective
alternative for inspecting and verifying cement integrity
ExxonMobil Upstream Research Company announced today that it has
signed a three-year joint development agreement with MagnaBond, LLC
to develop new technologies that could enhance cost-effective
evaluation of well cementing, casing and tubing. The agreement was
facilitated by the Industry Technology Facilitator as part of its
initiative to address challenges associated with well
decommissioning activities such as plugging and abandonment.
The new collaboration combines ExxonMobil’s expertise in
developing a wide range of inspection technologies and tools with
MagnaBond’s strengths in technology transfer and supply chain
design from other industries.
Current evaluation technology cannot adequately characterize
cement quality through multiple strings of casing. A well’s
production tubing must be pulled in order to inspect the cement,
resulting in additional time and expense for decommissioning
activities. ExxonMobil and MagnaBond will work toward developing
technology that allows for through-tubing cement evaluation prior
to the arrival of a costly rig or workover unit.
“Developing a technology that enables us to see the quality of
well casing and cement with a single tool is a major step in
determining overall well integrity and could result in significant
cost savings,” said Jayme Meier, vice president of engineering for
ExxonMobil Upstream Research Company. “Our agreement with MagnaBond
will bring together our respective strengths to jointly develop
this technology.”
ExxonMobil Upstream Research Company develops an
industry-leading array of proprietary technologies to support the
corporation’s continued leadership in exploration, development,
production and gas commercialization. ExxonMobil often collaborates
with other companies and academic institutions around the world to
research and develop new technologies.
“The team at MagnaBond has a few decades of experience in
applying cutting edge semiconductor, aerospace, and automotive
technologies to the challenging downhole environment. We have a
unique opportunity in this collaboration with ExxonMobil to
engineer a solution that is specifically tailored to meet the
upcoming challenges the industry faces in both well construction
and decommissioning,” said David Stewart, managing partner and
chief technology officer with MagnaBond, LLC.
In addition to the agreement with MagnaBond, ExxonMobil
collaborated with nine other oil and gas companies in 2017 to form
the Plugging and Abandonment Collaborative Environment, an industry
network to promote investment in and early adoption of innovative
plugging and abandonment technology within the oil and gas
industry. The organization is managed by OTM Consulting.
About ExxonMobil
ExxonMobil, the largest publicly traded international oil and
gas company, uses technology and innovation to help meet the
world’s growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is one of the largest refiners and
marketers of petroleum products, and its chemical company is one of
the largest in the world. For more information, visit
www.exxonmobil.com or follow us on Twitter
www.twitter.com/exxonmobil
Cautionary Statement: Statements of
future events or conditions in this release are forward-looking
statements. Actual future results, including project plans and
timing, the development and impact of new technologies, and cost
savings, could vary depending on the outcome of further research
and testing; the development and competitiveness of alternative
technologies; the ability to scale research discoveries to
commercial levels on a cost-effective basis; political and
regulatory developments; and other factors discussed in this
release and under the heading “Factors Affecting Future Results” on
the Investors page of ExxonMobil’s website at exxonmobil.com.
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