WFS Technologies announces expansion into Houston and Brazil
WFS Technologies, a specialist in Subsea Internet of Things (SIOT®) devices for Asset Integrity Management, has announced their expansion into Houston and Brazil.
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WFS Technologies, a specialist in Subsea Internet of Things (SIOT®) devices for Asset Integrity Management, has announced their expansion into Houston and Brazil.
Located in close proximity to the major industrial hubs on the US East Coast, Marcellus and Utica shale plays in the Appalachian basin have witnessed steady natural gas production growth over the last five-six years.
The contracts utilised Rever Offshore’s multi-purpose dive support and offshore construction vessel the Rever Polaris, and ROV support vessel, the Rever Sapphire.
Recoverable resources are estimated at 22 million bbl of oil.
The company is aiming to raise up to £8.25 million through the issuance of new ordinary shares.
The four-year contract includes the provision of services for the refurbishment, repair, load test and recertification of rigging lofts and contents.
The second Wood Mackenzie Exploration Awards ceremony was held in June this year.
The OCT®SW was driven by market feedback from offshore oil and gas operators in relation to seawater service valves used for fire safety.
Quality Intervention was founded in 2008 and provides a portfolio of products and service, including coiled tubing technology , annular integrity technology and in-situ wellhead remediation tooling.
The technology from Drilling Systems mirrors the environment of a working onshore rig, enabling the simulation of various operational scenarios in a controlled atmosphere, including stuck-pipe and well-control incidents.
Norwegian based oil and gas solids solutions firm FourPhase is to install a sand management system for an offshore platform in the Gulf of Mexico for a trial period.
Brazil alone is expected to contribute around 18% or 1455 thousand bpd of global crude oil and condensate production from key offshore planned and announced projects (new-build projects) in 2025.