The agreement calls for Sondex to develop, supply and license its technology for use with Halliburton's family of pulsed neutron tools, including the Thermal Multigate Decay-Lithology (TMD-LTM), Spectra Flow and RMT Elite tools. The new telemetry interface will provide an enhanced telemetry interface for tool-to-surface communication and offer improved compatibility with a range of Sondex products, including production logging sensors and radial bond tools.
"We are delighted to have signed this agreement which we hope will lead to further collaborative ventures between our two companies," commented Sondex chief executive Martin Perry.
Sondex, which floated its shares on the London Stock Exchange in June 2003, is based near Hook in Hampshire, England, where the design, development and testing of products mainly take place. The company also has operations in the USA, Canada, South America, China, the Middle East and Australia. Its suite of specialised tools includes wireline logging equipment for increasing production from known reserves, well inspection systems for economically extending the life of wells, data-acquisition systems, and an electric tractor for use in horizontal wells. The electro-mechanical equipment is generally deployed by major and regional oilfield service companies on behalf of virtually every major oil and gas company.
The company recently completed the £31.5 million acquisition of Geolink International, the Scotland-based specialist designer, manufacturer and supplier of Measurement While Drilling (MWD) and Logging While Drilling (LWD) downhole technology, as part of its expansion program.
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