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ODrill / MCM Inc Prospective Product Line for Coiled Tubing Tools.
Introduction to Coiled Tubing
What is CT?
Coiled Tubing (CT) has been defined as
any continuously-milled tubular product
manufactured in lengths that require
spooling onto a take-up reel, during the
primary milling or manufacturing
process. The tube is nominally
straightened prior to being inserted into
the wellbore and is recoiled for spooling
back onto the reel. Tubing diameter
normally ranges from 0.75 in. to 4 in.,
and single reel tubing lengths in excess
of 30,000 ft. have been commercially
manufactured. Common coiled tubing
steels have yield strengths ranging from
55,000 PSI to 120,000 PSI.
Key elements of a CT unit
The coiled tubing unit is
comprised of the complete set of
equipment necessary to perform
standard continuous-length
tubing operations in the field.
The unit consists of four basic
elements:
Reel - for storage and transport
of the coiled tubing
Injector Head - to provide the
surface drive force to run and
retrieve the coiled tubing
Control Cabin - from which the
equipment operator monitors
and controls the coiled tubing
Power Pack - to generate
hydraulic and pneumatic power
required to operate the coiled
Inside the Control Coiled Tubing Rig Up
Cabin
CT Workover and Completion
Applications
(for vertical, horizontal and deviated wells, both on land and
offshore)
CT is routinely used as cost-effective solution for numerous workover
applications. A key advantage of CT in this application is the ability to
continuously circulate through the CT while utilizing CT pressure
control equipment to treat a live well. This avoids potential formation
damage associated with well killing operations. The ability to circulate
with CT also enables the use of flow-activated or hydraulic tools.
Other key features of CT for workover applications include the inherent
stiffness of the CT string. This rigidity allows access to highly
deviated/horizontal wellbores, and the ability to apply significant
tensile or compression forces downhole. In addition, CT permits much
faster trip times as compared to jointed pipe operations.
Overview of Selected Workover
Applications
Pumping Applications: Mechanical Applications:
CT first established it's niche in the marketplace as a cost-effective well cleanout tool. In recent
years, these conventional wellbore cleanouts and acid stimulation jobs accounted for more
than three quarters of total CT revenue.
However, CT use has continued to expand as it is adopted for use in additional field operations.
Most recently, CT fracturing and *drilling applications have emerged as two of the fastest
growth areas. Revenue from these two CT applications has grown from almost zero 10 years
ago, to approximately 15 percent in more recent times.
*BP Alaska Baker Hughes & NOV share 50% market share each, in this region. Revenue stream is being mainly generated by selling
motorhead assemblies and renting bi-center PDC speed reamers, directional motors, jars and intensifiers. Tremendous business opportunity
exists for any new potential players.
Coiled Tubing (CT) Market worth $4.4 Billion by 2020
Opportunity for us
Coiled Tubing
Start with basic set of Project
tools and eventually
develop proprietary Service / Tool CT / Rig
specialty tools to stay Company Contractor
ahead of competition
Evolve in to a one-stop-
shop with turnkey
solutions for E&P
companies
CT Downhole Tool Providers / Thru
Tubing Tool Providers
AnTech Thru Tubing Solutions (TTS)
Spartan Energy Services Weatherford Wellserv
Hunting Energy Services Viking Coil Tools
Baker Hughes Well Innovation
National Oilwell Varco Brace Tools
Sperry Sun ODrill MCM Potential new player
Taylor Made Oil Tools
CT / Thru Tubing Tools
Cutting Tools
Debris Removal
Fishing Tools
Circulation/Flow Tools
Impact Tools
Jetting & Cleaning Tools
Memory & Logging Tools
Hydraulic Motors, Mills & Shoes
Composite Bridge & Frac Plugs
Diamond Mills
Rotating Tools
Running & Pull Tools
Specialty Tools
Standard CT BHA Components
Coiled Tubing
Product Line
Coiled Tubing Connector
Dual Flapper Check Valve
Hydraulic Disconnect
Mechanical Shear Type Disconnect
Circulation Sub
Motor Head Assembly (Combines CT Connector, Flapper Chk Valve, Disconnt, Circ. Sub)
Bladed Junk Mills
Hydraulic Mud Motor
Jetting Nozzles
Bi-directional Jar
Tri-cone Bits
* Tools will be acquired with re-dress kits for servicing after each job. A service center with all the necessary equipment will be setup
** Product line engineer will manage all field operations (including on-site rig support) and work on new product development / proprietary tools to gain a
competitive edge in the market
Suppliers
Yantai Sanmon Machinery Equipment Co., Ltd
(Dual flapper check valve US $2000-3000 / Set), (Circulation sub, Motorhead assembly, Hydraulic Jar,
If a tool is at the rig site but not being used, a standby fee will be charged
If a tool is lost and/or damaged in use, the client will be charged the full cost of
the tool. This will be recognized as revenue after subtracting the net carrying
cost of the tool.
Recent Success for Bohai 1 on well VLC-1429,
Lake Maracaibo Basin
- Removed the old production tubing & completion equipment
Robert Stallings, VP Sales & Operations Logan Oil Tools 713 628 3857