Weatherford wins US$ 4.5 million contract from Pertamina
Thursday, May 3 2001 - 04:30 AM WIB
American oilfield service company Weatherford International Inc said Wednesday its Drilling and Intervention Services (DIS) division had been awarded a US$ 4.5 million contract to drill nine additional underbalanced wells for state oil and gas company Pertamina.
Weatherford Underbalanced Systems recently drilled three wells in the Jatibarang field, in West Java, said the company, and the first two wells produced an average of approximately 3,000 barrels per day (bopd), approximately four times the production of the best conventionally completed wells and over eight times the average production of existing wells.
Operations on the third well are not yet complete.
Based on these results, Pertamina decided to drill nine additional wells in the Jatibarang field using Weatherford's underbalanced technology.
Services provided by Weatherford Underbalanced Systems included onsite project management, nitrogen generation services, rotating pressure control and separation services.
The Houston-based company is one of the largest global providers of innovative mechanical solutions, technology and services for the drilling and production sectors of the oil and gas industry. (*)