Saturday, November 23, 2024

Well services firm enters into a global-exclusive license agreement with downhole tools company – Aberdeen Business News

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ARCHER Well Services has secured a global exclusive license agreement with Raptor Data Limited (Raptor), enhancing its well integrity & plugging and abandonment (P&A) offerings with innovative technology. This partnership integrates Raptor’s advanced wireless acoustic telemetry technologies into Archer Well Services’ well integrity portfolio, significantly improving monitoring capabilities.

Raptor is a UK-headquartered company dedicated to research, design, engineering and manufacture of downhole tools for plug and abandonment. Raptor’s proprietary wireless acoustic telemetry technology is a leader in the market for plug and barrier validation and verification (“V&V”) and associated workflows for confirming wellbore barrier quality and integrity.

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Nicholas Pantin, EVP of Archer Well Services, commented: “Raptor has developed a state-of-the-art downhole acoustic monitoring tool that, with its wireless data broadcasting capabilities, will expand Archer Well Services solutions in the temporary and permanent plug and barriers V&V market, including data transmission of downhole pressure and temperature broadcasted via a wireless acoustic telemetry from below the barrier. This demonstrates Archer’s major commitment to continue improving and managing the placement of reliable well barriers.”

Paul McClure, CEO of Raptor Data Limited UK, said: “I am delighted to announce our partnership with Archer Well Services. Together we complete the strongest offering for well decommissioning in the global market and this positions both companies as leaders of well P&A with a unique set of solutions and workflows for plug and barrier V&V. A combined Archer Well Services – Raptor Data in this space provides unparalleled resources and a technically differentiated global platform to build a scalable high impact business at the cutting edge of technology.”

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