READ signs multi-country cased hole logging services and analysis agreement with Shell
ABERDEEN -- READ Cased Hole (READ) has been awarded a multi-country award in the UK, Ireland and Norway, to provide all cased hole logging services and analysis within scope of supply for Shell’s operations in these regions.
Shell, who is keen to harness the ability of specialist suppliers who have both technical and operational expertise, approached READ in Q3 2016 to bid for the contract on the basis of READ’s performance as a subcontractor on a series of challenging wells in Tunisia.
This valuable split award for READ will include the processing and analysis of cased hole logging data in high temperature high pressure operations through the company’s unique HPHT caliper and multi-functional memory logging system, ZeroTime which will allow Shell to record fluid temperature, pressure, gamma ray and CCL response in conjunction with mechanical intervention operations.
The long-term contract, which was signed at the end of February 2017, is the latest award win for the Aberdeen-based production and integrity evaluation specialist who announced earlier this month that they had been awarded a multi-million dollar contract by Qatari joint stock company RasGas Company Limited (RasGas).
The contract cements READ’s position as a growing and innovative service provider in the North Sea region who is continuing to develop pioneering new ways to deliver well integrity and production logging answers to the industry. As a result of both the Shell and RasGas contract wins, READ is expanding its core team through 2017.
Roy Martin, CEO at READ Cased Hole said, “We are delighted to secure this significant contract with Shell which is testament to the capabilities and services provided by our dedicated and highly-skilled team. Shell approached us last year with the objective of READ adding value to their operations and business through our technical and operational expertise and we are looking forward to working closely with them moving forward.”
