PDVSA Uses New Well Cementing Technology to Cut Costs

Venezuela's state oil firm PDVSA has started applying a proprietary technology for the cementing of oil and gas wells that could translate into cost savings of up to 30%, according to a press release on the company website.

PDVSA says the new technology, known as SOLSURF, can save the company up to 30mn bolivares (US$14,000) per well. So far, savings have totaled around 230mn bolivares. The company drilled over 1,000 new wells last year, according to PDVSA officials.

PDVSA said it is moving to apply the new technology "at a national level" after 14 pilot tests with different cementing companies.

SOLSURF was first tried in the Ceuta field of the Tomoporo district in western Venezuela and afterwards in three fields in Monagas, eastern Venezuela: El Furrial, Pirital and Santa Barbara. In 2006 it will be tried in the Borburata field in Barinas state and the La Victoria field in Apure state, PDVSA said.

SOLSURF is a trademark technology developed by the well construction and maintenance area of PDVSA research and technology arm Intevep's E&P department.

PDVSA is scheduled to invest some US$7bn in E&P in 2006, up from US$5.6bn in 2005.

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