Caledyne has announced the qualification of its Torus safety valve, which achieved an API 14A class 1 certification for the 2 7/8-in. insert valve. According to the company, the valve opens new possibilities for enhancing production from mature fields. While the basic design stays the same, the new model provides a central conduit — hydraulic (mini-coil or capillary string), electrical or fiber-optic — to pass through the core of the valve. It allows the installation of artificial lift or downhole monitoring in existing wells without requiring a full workover. The company reported that during testing for API 14A qualification, the safety valve recorded zero leakage throughout the entire program. Typical applications aided by the new safety valve are liquid loading, removing scale buildup, injecting corrosion inhibitors, monitoring and real-time data acquisition and insert gas lifting.
Recommended Reading
BPX Looks to Ramp US Production Over 60% by 2030
2024-05-16 - BPX Energy is looking to boost its U.S. production over 60% by 2030 as it considers bringing online a fourth processing facility in the Permian by mid-year 2025, Clark Edwards, the company’s vice president of development, said during SUPER DUG in Fort Worth.
Empire Petroleum’s Williston Drilling Program Identifies New Zones
2024-05-16 - Empire Petroleum provided updates on its Williston Basin development drilling program in its first quarter 2024 earnings results.
ConocoPhillips: Permian Basin a ‘Growth Engine’ for Lower 48
2024-05-15 - ConocoPhillips views the Permian Basin as a “growth engine” within its Lower 48 portfolio, the company’s Midland Basin Vice President Nick McKenna said during Hart Energy’s SUPER DUG event in Fort Worth.
Petrobras Not in a Race with Guyana to Boost Production, CEO Says
2024-05-14 - While Brazil and Guyana aren’t necessarily competing to see which country can produce more oil, Petrobras’ CEO Jean Paul Prates jokingly said Brazil was winning, while adding that Bolivia’s falling production was an opportunity for Argentina.
E&P Highlights: May 13, 2024
2024-05-13 - Here’s a roundup of the latest E&P headlines, with a couple fields coming online, as well as new contract awards.