On a recent job in Northern Europe an operator selected to utilize NeoTork in a side-track well thus offering a perfect reference.
Over a 319 meters run, NeoTork dramatically improved ROP in all sections completing in 2 days with 1 sole drill bit what had taken 9 days and 5 bits in the offset well ....Read More
NeoTork mark II now ready for commercialization tool life increased over 20 folds
NeoTork's value has been amply proven by a series of documented surface and downhole tests that were conducted using the mark I model (proof of concept) ...Read More
In December, we tested NeoTork downhole in a purposely-designed facility. We drilled two comparative 8 1/2 inch wells, 12 ft apart, using the same BHA.
All the parameters, depth and formation types were was drilled using NeoTork. The drilling results show an improvement in ROP of 15% over the same interval with the end of the run ...Read More
Inside this Issue : Fisrt Job - New NeoTork upgrade - Act Unit - Upcoming Catoosa Test - Pressure Warning System.
In the Oil & Gas industry, the maiden utilization of any new technologie, regardless how appealing or useful it many seem, is always an arduous endeavor. When presenting NeoTork to many players iver the past months we have systematically been asked the same question: "Have you run it yet ?" ...Read More
The first press release announcing the launch of NeoTork was circulated to the industry media on 18 March 2015.
Coverage shows strong interest in our innovative, torque-mitigating tool. Click on the links below to read some of the great coverage we’ve received:
We are pleased to announce the launch of NeoTork for drilling size application, with the design of the 6 ¾ inch tool.
We aim to deliver the first 6 ¾ inch NeoTorks at the end of Q2 for bench testing, with commercial applications as early as Q3 2015.
To find out more about this, or any other size, of NeoTork, please contact us.
Neo Oiltools will be exhibiting at the ICoTA Houston conference on 24 – 25 March.
The biggest global Coiled Tubing event, ICoTA Houston is a great opportunity to showcase NeoTork’s ability to reduce cost and provide differentiation in this industry.
Come visit us at stand 312 to find out more about how NeoTork can help smooth your operations.
Successful testing smoothes the way for NeoTork’s commercial launch
In early February we successfully completed two full days of comparative testing in Wellventions’ Assen test facility, with the outcomes exceeding all expectations. The tests confirmed the benefits of NeoTork and proved its ability to handle extremely challenging drilling operations.
A group of coiled tubing experts, invited to view the tests, are now confident of a wide range of applications for NeoTork across the UKCS and continental Europe. For full test results click here.
We look forward to seeing NeoTork on its first commercial run.