MagnaBond teams up with ExxonMobil for cement, casing assessment
ExxonMobil Upstream Research Co. has signed a three-year joint development agreement with MagnaBond.
SPRING, Texas – ExxonMobil Upstream Research Co. has signed a three-year joint development agreement with MagnaBond.
The companies plan to develop new technologies to enhance evaluation ofwell cementing, casing, and tubing.
Britain’s Industry Technology Facilitator helped put in place the agreement, as part of its initiative to address challenges associated with well decommissioning activities such asplugging and abandonment.
ExxonMobil said it would combine its expertise in developing a wide range of inspection technologies and tools with MagnaBond’s strengths in technology transfer and supply chain design from other industries.
Current evaluation technology cannot adequately characterize cement quality through multiple strings of casing, ExxonMobil said.
A well’s production tubing must be pulled to inspect the cement, which extends the time needed for decommissioning activities. The duo will work on technology that allows for through-tubing cement evaluation prior to the arrival of a costly rig or workover unit.
In addition to this agreement, ExxonMobil collaborated with nine other oil and gas companies last year to form the Plugging and Abandonment Collaborative Environment, an industry network to promote investment in and early adoption of innovative P&A technology by the oil and gas industry.
OTM Consulting manages the organization.