COMPANY NEWS
46
HIRETECH INVESTMENT
Nitrogen Pump
Adds Nitrogen Pumps To Rental Offering
Hiretech Limited is further expanding its rental fleet offering with the addition of two 180k Zone 2 nitrogen pumping units as part of a £1million CAPEX investment planned for 2021.
T
feels like the right time for us to take this forward. The skills sets and client base we have make this a great addition to our business.”
The addition comes as the company responds to increasing supply requests from its existing client base.
The nitrogen pumps will augment Hiretech’s existing range of pumps, hydraulic power packs, winches and powered umbilical reels which are utilised across various hydraulics, well service, pipeline, chemical cleaning, decommissioning, subsea and renewables client projects.
Andy Buchan, CEO at Hiretech, commented, “We have been encouraged by our clients for as long as I can remember to get in to the nitrogen business, and now
This latest investment comes as Hiretech continues to diversify and expand its rental equipment offering, and is in addition to two six-figure investments made in 2020, when subsea shears and air winches were added to the company’s growing rental fleet.
he pumps are currently being refurbished in the company’s workshop and are scheduled for completion late April 2021.
By Tom Murdoch, Engineering Director, Brimmond Group
INNOVATION
The key to cost-effective well intervention
In 2019, the Oil & Gas Authority (OGA) issued its updated asset stewardship expectations, a key element of the regulator’s Maximising Economic Recovery strategy, designed to provide clarity on expected behaviours and good practices.
O
ne of the 10 expectations encourages the deployment of technologies designed to deliver optimum levels of performance – including production and cost efficiency; as important in oil and gas hubs worldwide as it is in the North Sea. When you consider the challenging times that the sector is navigating currently, we firmly agree on the crucial role technology innovation has to play in satisfying energy demand in the safest, most cost-efficient way. AN EFFICIENT WAY TO LOWER OPERATIONAL COSTS Well intervention is one area that offers a practical solution for optimising performance, through deploying technology to manage declining production and maximise value. According to the OGA’s 2018 Wells Insight Report, 21 million barrels of oil equivalent (boe) production was safeguarded through interventions in 2017, with 22.5 million boe production delivered by improving underperforming wells and/or reactivating shut in wells. The size of the prize is clearly significant. However, well intervention does not come without its challenges. While a coiled tubing set-up can provide high-rate circulation, it can also be heavy, bulky and time-consuming. Wireline, meanwhile, provides a smaller unit, but without the same circulation capability. That’s why Expro, our customer, has introduced a new approach, an alternative solution for light well interventions. Its CoilHose Light Well Circulation System (LWCS) has been
www.ogv.energy I May 2021
