Red Spider Secures Six Figure Contract Win in West Africa
Red Spider, the Remote Open Close Technology specialist delivering major savings and reduced risk to the oil and gas industry, has successfully secured a contract in West Africa for Total’s Anguille field, valued at $940,000 (over £600,000).
As part of the three year agreement, Red Spider will supply and service eREDs for the Anguille field in Gabon.
The scope of work will involve Red Spider providing a total of 12 of its 3.25″ eREDs – with two being deployed on each of the six wells. These will be positioned as barriers within injector wells, with one of the eREDs being used as a shallow-set barrier and the second as a deep-set barrier. The flexibility of the tool allows it to be opened and closed many times, reducing the number of wireline runs, while mitigating any unforeseen operational problems, which will potentially save many additional hours of rig time.
The use of the eREDs will also provide significant financial savings. The two tools combined are expected to decrease necessary wireline runs by 10 during each operation, reducing any potential health and safety issues and risk exposure compared to running standard plug and prong barriers.
eRED is Red Spider’s first tool to use its patented Remote Open Close Technology for remotely operating downhole valves. To date, the tool has successfully completed over 100 operations with more than 20 operators.
Red Spider’s Africa sales manager Barry Killoh said: “The eRED is a very popular tool due to the time and money saving benefits it provides. Securing this job with a new client for the company in the West Africa region, is a true testament to the quality of Red Spider’s technology and level of service we provide. We are currently in discussions with a number of other oil and gas majors about future work in Nigeria and we hope to further expand Red Spider’s presence within Africa.”
The eRED valve has allowed major operators to save $500,000 (more than £330,000) during a single subsea completion operation; typically reducing slickline runs from eight to one. In deepwater workover operations, savings of up to 36 hours and $750,000 (£500,000) have also been recorded in a single job, as well as major reductions in risk.
The technology is on its way to becoming the industry standard solution for well completion and workover applications.