HOUSTON – Tracerco, part of the FTSE 100 Johnson Matthey PLC, has won a patent for its oil and gas flow measurement technology, which allows empirical measurement of hydrocarbon flow from individual stages in a well.
Tracerco’s technology allows operators to better understand how hydrocarbon flow relates to well geometry, completion arrangement, hydraulic fracture design, and geology, so that future well developments can be optimized.
The new patent comes following recent business expansion in theMiddle East, with the addition of a new laboratory in Abu Dhabi. This adds to a worldwide network of laboratories that allows Tracerco to provide local sample analysis, giving customers a quick turnaround on tracer presence and interpretation of results. The company also provides analysis on site for immediate tracer interpretation results, allowing operators to review and refine production strategy.
Tracerco provides hydraulic fracturing tracer technology to oil and gas operators.