Backed by in-house engineering and latest manufacturing facilities, the company has been successful in introducing patented Saudi-designed technology into the international market, Abdulmuin Alyousef tells OGN
Completion Energy, which maintains it’s the first in the world to produce the unique dissolvable SolvFrac plug, has to date supplied 93 plugs to Saudi Aramco with the tool already being run in 28 wells.
The drilling and completion products manufacturer has embarked on a manufacturing journey with the aim of becoming one of the first private local companies to support the global oil and gas industry by manufacturing products made in Saudi Arabia.
Elaborating on the advantages of the SolvFrac, Abdulmuin Alyousef, CEO and board director of Completion Energy Company, tells OGN energy magazine: 'Our SolvFrac plugs sustain (holds) down hole pressure up to 48 hours and takes 3-5 days for complete dissolution varied with down hole conditions.'
Alyousef ... championing Saudi-design technology
This applies to a well stimulated with 28 per cent HCl acid, and a maximum bottom hole pressure of 18,148 psi.
A key advantage is that it eliminates the requirement for coiled tubing operations, thus saving time and money.
Completion Energy now plans to export its patented SolvFrac. In this regard, it has finalised setting up a joint venture with Renegade Wireline Services, one of the largest independent wireline services in the US market.
Renegade will support Completion Energy in introducing the plugs into US market. In return, Completion Energy will introduce the US company’s new technologies, especially in the downhole casing repair segment (whilst maintain the casing integrity), into Saudi market.
Another of Completion Energy’s success stories is its flagship product, the HighForce Extended Reach Tool.
The tool offers a unique solution, as it improves the high frictional forces generated by the flow displacement inside coil tubing in long trajectories, such as in long vertical or horizontal wells.
It generates axial displacement fluctuations and high-flow rates and can be used in clean-outs or stimulation treatments and high-torque connections that increase strength, which are useful in high-deviated and long-horizontal wells.
Originally designed for Aramco, the high-force extended reach tool has been successfully used in more than 100 projects.
According to Alyousef: 'Previously, the HighForce Extended Reach Tool was utilised in Aramco projects in cooperation with big services providers. However, following its significant remarkable field performance (extended reach of more than 26,000 ft), Completion Energy entered into a direct contract with Aramco, thus signifying its success.'
PROMOTING KSA-MADE PRODUCTS
Completion Energy has embarked on a manufacturing journey with the aim of becoming one of the first private local companies to support the global oil and gas industry by manufacturing products made in Saudi Arabia.
The HighForce Extended Reach Tool has a reach of over 26,000 ft
'A key component of this strategy is the company’s new factory, which will be uprunning within next few weeks,' says Alyousef.
The company has already procured the machines and other resources including essential manpower required to start production.
The factory, which will have a monthly output of over 7,000 products, will be fully automated and utilise high precision CNC machines and robots in both perspective handling and machining. This is in line with the Kingdom’s Vision 2030.
Completion Energy has thus far been successful in introducing patented Saudi-designed technology into the international market. Its strength lies in the fact that it offers in-house engineering, manufacturing and dedicated services to operators, and its production costs are currently lower than anywhere in the world, especially with fully automated machine shops.
A step in this direction is the company’s endeavours to supplement its specialised thru tubing capabilities.
To achieve this, Completion Energy is making efforts to broaden current capabilities through collaboration with companies that specialise in technologies such as wireline, coil tubing, and snubbing unite services, among others.
It has already set up a JV to promote its thru-tubing milling tools portfolio, and it is now in the process of completing it thru-tubing fishing portfolio so it can form JVs with clients to provide a full package service to customers under the special lump sum turnkey (LSTK) contracts.
Outside the Kingdom, Completion Energy already has a presence in Abu Dhabi. It aims to expand its wireline services into the GCC, as a part of its strategy to introduce the dissolvable frac plug in the market.
Its strategy is to have joint ventures in Qatar, Kuwait, the UAE, Oman, Iraq, Libya and Egypt, among other places.
Completion Energy t is the first Saudi company to own patents in well interventions and completions. It currently, has four in-house technologies patented, and is in the process of acquiring over 12 more.
Completion Energy is also the first 100 per cent Saudi company to publish two scientific reports in the Society of Petroleum Engineers (SPE) about its unique technology.
A paper it presented in the US (SPE-214841-MS) was on ‘Evaluation and study of dissolvable frac plugs on horizontal well fracturing, plug and perf completions’.
It presented another paper in Dubai (SPE-214562-MS) was on ‘Degradable plug technology holds pressure for 32 hours and eliminates risk of intervention in tight gas reservoirs’.