Marwell celebrates successful first year and signs new deal with Downhole Products
Marwell completed over 18 projects in its first year, including an estimated $1.5 million time and cost saving project in the Norwegian North Sea
Several industry firsts were achieved, including the development of a carbon fibre tubing used to strengthen an open hole junction for a lateral
New partnership with Downhole Products will see Marwell supply float equipment, cementing plugs, centralizers and casing accessories
Marwell has announced a successful first twelve months of operations, with the completion of over 18 projects. The company’s strong growth prospects have been further strengthened through the signing of a new partnership agreement with Downhole Products.
In the last twelve months, the company signed four strategic partnerships, including Maxwell Oil Tools, HP Well Screens, Metrol and Downhole Products. The new partnership with Downhole Products will focus on bringing its premium range of casing accessories to the Danish and Norwegian markets.
Specialising in wellbore construction and completion, Marwell collaborates with leading suppliers and service companies to offer tailored solutions that are not available elsewhere. In the Norwegian market, Maxwell composite bonded centralizers have been utilized in several challenging wells to solve problems such as high drag and ECD issues. Using ERA simulation software, Marwell models each downhole application. From this, the team customizes the centralizers in order to improve cement job quality, reduce any restriction to the annular space and achieve maximum fluid bypass.
Several industry firsts were achieved in the last twelve months. These include the development of a carbon fibre tubing, used to strengthen an open hole junction for a lateral, and the design and installation of a mesh type screen specifically for a chalk resevior. Working closely with a Norwegian oil company in the North Sea, Marwell installed four products including MCC centralizers, chalk screens and two of its bespoke in-house solutions. Marwell’s unique approach resulted in a combined estimated time and cost saving of 1.5 million USD.
Mike Williamson, Managing Director of Marwell, commenting on the Downhole Products partnership: “Known for its industry-leading products, we are very proud to partner with Downhole Products. With efficiency and reliability at its core, our businesses are a natural fit for collaboration.
“The last twelve months have seen Marwell embark on a huge growth journey, both in terms of new partnerships and client relationships. As we celebrate our first anniversary, we are very proud of what we have achieved, and look forward to bringing further innovations to the market both through our partnerships and in-house solutions. Offering innovation and cost savings to clients in what is a challenging environment, we are able to realize savings of several days of rig time. These savings are more sought after now than ever before in the history of our industry.”
Steve Miller , Regional Manager of Downhole Products, commented: “We are delighted to work closely with the Marwell management team on this new venture for DHP in Norway. Having had success in Norway over the last decade we feel that the enhanced Marwell technical expertise mixed with the ever expanding DHP product portfolio will only improve the offering DHP is able to bring to our clients in the NCS region.”
Marwell is set to launch its own in-house products later this year, the first of which will focus on the dissolvables market. To further support future growth, a new dedicated MCC centralizer installation facility was opened in Stavanger. The 1500m2 facility has capacity for several hundred joints of casing per week, and demonstrates the strong growth prospects for the MCC product line in the market.
Marwell welcome enquiries from the media and are happy to answer questions on their products, partners and case studies.
For more information please contact Claire Gannon, Project Neon