Contract Award for Tubing Shearable Gas Lift Valves by Middle East OPCO

A field trial of PTC’s Shearlift Tubing Shearable Gas Lift Valves (one IPO and one orifice valve) has been successfully completed by a major Middle East OPCO.

 

As a result, we have been awarded our first contract in the region for the supply of Shearlift TS IPO and Shearlift TS Orifice gas lift valves. 

 

The ShearLift-T  technology uniquely enables multiple IPO and orifice gas lift valves to be installed with the well completion. The valves initially perform as 'dummy valves' (facilitating annulus testing) until they are sheared open using tubing pressure. Once sheared open, the ShearLift-T valves become fully functional IPO or orifice gas lift valves.

 

Consequently, they eliminate the need to buy, run and replace dummy gas lift valves during well completion operations, facilitating wireline intervention and rig time / cost savings, which significantly exceed the cost of the valves.