GE gets rights to downhole EM technology from Sharewell

Sharewell Energy Services has signed an agreement that gives GE Oil & Gas (NYSE: GE) exclusive worldwide rights to sell the proprietary Electro-Track EM electromagnetic measurement-while-drilling telemetry technology.

Offshore staff

FLORENCE, Italy – Sharewell Energy Services has signed an agreement that gives GE Oil & Gas (NYSE: GE) exclusive worldwide rights to sell the proprietary Electro-Track EM electromagnetic measurement-while-drilling telemetry technology.

Electro-Trac EM includes a downhole assembly consisting of a gap-sub antenna package, an electronic assembly, and a battery pack. The surface system includes a power amplifier for two-way communication with the EM tool. The technology is particularly suited for drilling applications where mud-pulse technology is problematic, such as underbalanced drilling, said GE.

1/30/2013

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