Press

ExxonMobil and MagnaBond to Collaborate on New Well Integrity Evaluation Technologies


  • 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

SPRING, Texas--(BUSINESS WIRE)--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.



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

news.exxonmobil.com/press-release/exxonmobil-and-m...

MagnaBondExxonMobilJoint Operating Agreement

More items from oilvoice


Cyber Security Experts Unite to Protect Europe’s Critical Industries

CS4CA Summit Returns to London this October Staying abreast of fast-paced industry developments is crucial for cyber security professionals. And while one can learn a lot from publications and social media, it's hard to beat the value of insights gained first-hand from peers. This is why 150+ IT ...

OilVoice Press - OilVoice


Posted 10 months agoPress > cybereurope

Africa E&P Summit

The organisers of the Africa E&P Summit are bringing together Africa's leading exploration companies and governments, just one of the many reasons why you should be attending frontier's event that they are organising and hosting in London at the IET: Savoy Place, 22-23 May. Over 200 key senior exec ...

OilVoice Press - OilVoice


Posted 1 year agoPress > Africasummitoil summit +2

Equinor Deepens in Offshore Wind in Poland

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % inter ...

OilVoice Press - OilVoice


Posted 1 year agoPress > EquinorEquinor EnergyPoland +2

Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa Over Next Seven Years, says GlobalData

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘H2 2018 Production ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > GlobalDataNigeriaCrude +5

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

HONG KONG, Dec. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, Conoco ...

OilVoice Press - OilVoice


Posted 1 year agoPress > CNOOCChina National Offshore Oil CorporationChevron +11
All posts from oilvoice