ExxonMobil, the oil major that supplies Mobil UK stockists, has announced a new three-year partnership with MagnaBond to develop new technologies to help in well-decommissioning activities.
As part of the joint development agreement between ExxonMobil Upstream Research Co. and MagnaBond LLC, both companies will seek to develop new technologies to enable the more efficient evaluation of well cementing, tubing and casing without the need for an expensive workover unit or rig. The agreement forms part of a new initiative from the Industry Technology Facilitator to find solutions to the challenges that arise from such activities as abonnement and plugging.
The current technology used to assess cement quality is limited in that it cannot perform adequately through multiple strings of casing. This means the inspection process requires pulling the well’s production tubing, making the decommissioning process lengthier and more expensive.
The vice president of engineering at ExxonMobil Upstream Research Co., Jayme Meier, said about the agreement:
“Developing a technology that enables us to see the quality of well casing and cement with a single tool is a major step in determining overall well integrity and could result in significant cost savings.”
ExxonMobil frequently works with other companies and academic institutions to research and develop new technologies to help maintain its leadership in oil and gas production. MagnaBond has been applying modern semiconductor, automotive, and aerospace technologies to the harsh well environment for decades, and its respective strengths should be an asset in solving the industry’s upcoming problems.