ExxonMobil Upstream Research Company announced today that it has awarded Weatherford International Ltd. the first global license for the company’s MazeFlo sand control screens for oil wells.
MazeFlo is a patented technology developed by ExxonMobil to improve the reliability of wells completed in sand-prone reservoirs. MazeFlo technology uses redundant screens and a maze of compartments to provide a self-healing capability against sand entering the producing section of a well. Each compartment contains a primary screen, outer housing, flow baffles and a secondary screen. If a primary screen erodes, sand will flow into the affected compartment and accumulate on the secondary screen. Fluid continues to flow to adjacent compartments with undamaged primary screens and can be produced without active involvement from surface operators.
“MazeFlo is one of several openhole sand control completion technologies developed by ExxonMobil during the past few years to address reliability issues in high-cost production wells,” said Sara N. Ortwein, president of Houston-based ExxonMobil Upstream Research Company. “Reliability is very important in deepwater and remote fields where the resource has been developed with high volume wells.”
The screens utilizing MazeFlo technology were developed under a joint development agreement with Weatherford and will be installed and tested in ExxonMobil production wells during the next two years. MazeFlo screens along with technology enhancements and best practices will be made available industry-wide following ExxonMobil’s field testing.“The MazeFlo technology brings together a high performance sand-screen solution that is simple in design and promises increased reliability. We are delighted to partner with ExxonMobil in the development of such an innovative technology,” stated Bill Rouse, vice president, well completion technologies for Weatherford. About ExxonMobil Upstream Research Company ExxonMobil Upstream Research Company is the Upstream research affiliate of Exxon Mobil Corporation (NYSE:XOM), a leading global oil, natural gas, and petrochemicals company with operations in nearly 200 countries and territories worldwide. ExxonMobil Upstream Research Company is charged with developing an industry-leading array of proprietary technologies that support the Corporation's continued leadership position in exploration, development, production and gas commercialization.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV