WellDog Awarded A$35MM in CSG Artificial Lift Contracts
19 April 2016 (Brisbane, QLD) – WellDog announced today that it has inked exclusive, multi-year contracts worth about A$35 million through its Artificial Lift business unit based in Toowoomba, Queensland. The contracts commit the company to providing cost effective, downhole progressing cavity pumping (PCP) system equipment, as well as technologies to extend pump lifetime, to coal seam gas operators active in the Surat and Bowen basins.
“Frequent workovers caused by heavy solids production and pump failure have plagued CSG since it started,” said WellDog CEO John M. Pope.
“Our solids management technical products have been proven over the past few years to provide a step change increase in pump lifetime.”
“The pump, which was developed by Baker Hughes and features an elastomer designed for Queensland coal seam gas applications, should further increase pump performance and reliability substantially.”
“We’re pleased to see these advanced technical solutions being adopted by the CSG industry.”
The contracts were awarded by multiple operators via competitive tender processes that attracted the world’s top artificial lift equipment and service providers. WellDog submitted the winning bids in partnership with Baker Hughes, its key artificial lift provider. Baker Hughes is a global leader in artificial lift systems and services for the oil, gas, and water production markets.
WellDog’s Artificial Lift business unit was launched in 2014 and was promptly followed by the opening of its Artificial Lift Technology Center in Toowoomba, QLD. The business unit provides a suite of artificial lift products to the Australian coal seam gas market including pumps, drives and solids management technology. WellDog also provides pump inspection services to verify pump efficiency and determine root cause analysis of pump failure, all done out of its Artificial Lift Technology Center.