ABERDEEN oil field technology firm, Deep Casing Tools, has been granted a UK patent for a new piece of equipment which can almost half the cost for extended reach drilling well liner installations.
MechLOK™ Drill Pipe Swivel (DPS) is the industry’s first mechanical DPS, and helps overcome ERD challenges by allowing operators to deploy completions into longer and more complex well trajectories
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DCT, headquartered in York Street, also has patents pending in Europe, the USA, Canada, UAE and Saudi Arabia.
David Stephenson, chief executive officer, said: “We are delighted to have been granted a UK patent for this transformational technology and patents are also pending in Europe, including Norway, the USA, Canada, the UAE and Saudi Arabia.
“We have already demonstrated that compared to conventional technology the time taken to reach TD safely on the first attempt can be cut by half which would typically mean a $450,000 saving in running a completion or liner in.”
