Aker BP Contracts NCS Multistage for North Sea Well-Stimulation Services
08 8월 2018 - 5:18AM
NCS Multistage Holdings, Inc. (NASDAQ: NCSM) (“NCS” or the
“Company”), is pleased to announce that it has entered into a
5-year frame agreement with Aker BP ASA (“Aker BP”) for
well-stimulation services on the Norwegian Continental Shelf. Work
to be performed under the agreement is subject to individual
purchase orders. Following a recent Valhall well completion that
incorporated NCS’s Multistage Unlimited pinpoint hydraulic
fracturing technology, Aker BP issued purchase orders for
additional wells that are expected to be completed in late 2018 and
2019.
Aker BP and NCS both see potential to improve the efficiency and
reduce the cost of offshore well completions using NCS’s Multistage
Unlimited Technology. Max Sorenson, Senior Drilling Engineer, Aker
BP, stated that the use of pinpoint fracturing can be a game
changer in the North Sea, because of improved stimulation
efficiency: “Using conventional plug-and-perf technology, we were
limited to completing a single stage in 2.5 to 3 days. With the
pinpoint technology we moved much faster, at one point completing
four stages in 26.5 hours, a vast improvement.”
Tim Willems, Chief Operations Officer for NCS, said, “The
recently completed Valhall well was the first offshore application
of our pinpoint fracturing technology. We are grateful to Aker BP
for the opportunity and for providing their resources and knowledge
to ensure the success of the installation. We look forward to a
continued partnership with Aker BP and their service providers to
ensure safe, efficient, and predictable results.”
About Aker BP ASA Aker BP is one of the largest
independent listed oil and gas companies in Europe, measured by
production. The company is the operator for Valhall, Ula, Ivar
Aasen, Alvheim, and Skarv field centers on the Norwegian
Continental Shelf. Additional information is available on the
company’s website, www.akerbp.com.
About NCS Multistage Holdings, Inc.NCS
Multistage Holdings, Inc. is a leading provider of highly
engineered products and support services that facilitate the
optimization of oil and natural gas well completions and field
development strategies. The Company provides products and services
to exploration and production companies for use in horizontal wells
in unconventional oil and natural gas formations throughout North
America and in selected international markets, including Europe,
Argentina, China, and Russia. The Company’s common stock is traded
on the NASDAQ Global Select Market under the symbol “NCSM”.
Additional information is available on the Company’s website,
www.ncsmultistage.com.
Contact
Ryan HummerChief Financial Officer(281)
453-2222IR@ncsmultistage.com
NCS Multistage (NASDAQ:NCSM)
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