SPRING, US: ExxonMobil Upstream Research Company said that it has signed a three-year joint development agreement with MagnaBond LLC to develop new technologies that could enhance cost-effective evaluation of well cementing, casing and tubing.
The agreement was facilitated by the Industry Technology Facilitator as part of its initiative to address challenges associated with well-decommissioning activities such as plugging and abandonment.
The new collaboration combines ExxonMobil’s expertise in developing a wide range of inspection technologies and tools with MagnaBond’s strengths in technology transfer and supply chain design from other industries.
Current evaluation technology cannot adequately characterize cement quality through multiple strings of casing. A well’s production tubing must be pulled in order to inspect the cement, resulting in additional time and expense for decommissioning activities. ExxonMobil and MagnaBond will work toward developing technology that allows for through-tubing cement evaluation prior to the arrival of a costly rig or workover unit.
ExxonMobil Upstream Research Company develops an industry-leading array of proprietary technologies to support the corporation’s continued leadership in exploration, development, production and gas commercialization. ExxonMobil often collaborates with other companies and academic institutions around the world to research and develop new technologies.
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