Weatherford awarded contract with Imperial Oil Resources
Posted: 19 July 2003
Pumping units contract for Cold Lake project in Alberta,Canada
estimated value of $36 million over 10 years
Weatherford International Ltd announced that the company has been
awarded a contract with Imperial Oil Resources for the supply of
its Ampscot Pumping Units and accessories for their Cold Lake project
in Northeast Alberta, Canada.
The contract took effect June 30, 2003 with an estimated value
of $36 million (USD) over a 10 year term.
Weatherford Ampscot’s 15-year relationship with Imperial
Oil at Cold Lake includes more than 1,200 pumping units being put
into service during that time.
Imperial's Cold Lake project consists of over 3,500 producing wells
with an average daily production of 140,000 barrels per day of heavy
crude from the Clearwater Sand Reservoir.
Cyclic steam stimulation will be used on this project to mobilize
the bitumen and enhance the recovery process.
Multiple wells are directionally drilled from a single producing
pad to various locations with up to 2,400 feet of reach, reducing
the environmental impact and centralizing production equipment.
Houston-based Weatherford International Ltd is one of the largest
global providers of innovative mechanical solutions, technology
and services for the drilling and production sectors of the oil
and gas industry.
Weatherford operates in over 100 countries and employs approximately
16,000 people worldwide.
For more information see http://www.weatherford.com.
Posted by Richard Price,
Editor Pipeline Magazine
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