Raptor Oil has secured £4.2 million ($5.84 million) of investment funding from Statoil Technology Invest, ConocoPhillips, Scottish Investment Bank, and the Oil & Gas Technology Centre.
The telemetry tool running in below the drillfloor as part of testing. (Image courtesy Raptor Oil)
The Aberdeen-based company, formed in 2011, is developing an acoustic telemetry system for use during well construction and production. This is designed to replace traditional mud pulse telemetry during drilling and provide a tenfold improvement in performance, the company claims.
Raptor’s technology has undergone various phases of development and concept validation, culminating in a three-week well test last November.
According to CEO Gordon Cowie, the wireless telemetry system which demonstrated its “plug and play” adaptability and high data rate capability under various operational conditions.
Malcolm Banks, Well Construction Solution Centre Manager at the Oil & Gas Technology Centre said: “We’re pleased to be supporting Raptor Oil with the development of this new acoustic telemetry technology, which has the potential to transform the performance of well delivery…
“We believe this solution, which provides high-speed wireless data transmission through the drillstring, can provide high-quality data to enable better decision making during drilling operations.”