Enventure Wins Three Year Contract from Total in Indonesia

Enventure Global Technology has been awarded a three-year contract from Total E & P Indonesie through P. T. Dataco Citra Indonesia to provide Solid Expandable Tubular (SET) Systems. The contract authorizes Enventure to supply Total with SET equipment and installation services for a development project in the Peciko natural gas field off East Kalimantan.

The challenge in the Peciko field is reaching total depth with adequate hole size. Enventure's 7-5/8 x 9-5/8 in. Openhole Liner (OHL) System helps mitigate that challenge by allowing for an extra string in the well design without compromising hole size. SET Systems will be used as a contingency to cover shallow gas zones in this offshore field. Currently, Total drills two wells inside a single conductor in the Peciko field.

"Expandable technology continues to display its versatility to adapt to a variety of drilling situations and conditions," said Robert Hinkel, president and chief executive officer of Enventure. "This latest application in multiple holes from one conductor illustrates how SET Systems can help operators to lower costs and extend the life of older fields."

The Peciko field is located offshore Kalimantan, Indonesia. As one of the world's largest producers of liquefied natural gas, Indonesia is estimated to have approximately 178 trillion cubic feet of proven and possible natural gas reserves.

To date, Enventure has performed 260 installations and expanded more than 50 miles (80 kilometers) of pipe for 61 operators globally. Enventure Global Technology, L.L.C. is the world's leading provider of solid expandable tubular solutions and holds or has pending over 300 patents for its proprietary systems.