ExxonMobil Awards Multi-Zone Stimulation Technology (MZST) License to Trican Well Service Ltd.
Well perforating and fracturing combined into one efficient operation
Award-winning technology in commercial use since 2005
Trican Well Service experienced in advanced stimulation technologies
ExxonMobil Upstream Research Company (URC) announced today the licensing
of its award-winning Multi-Zone
Stimulation Technology (MZSTSM) well treatment process to
Canada-based Trican Well Service Ltd. (Trican) for use in Canada and the
United States. The MZST process can be used to rapidly and reliably
stimulate multiple zones in a single operation, yielding improved well
economics.
The MZST process can be particularly beneficial for hydraulic
fracturing operations in tight gas, shale gas and coal bed methane
wells that target multiple reservoir zones, thick reservoir sections, or
long reservoir intervals where multiple stimulation treatments are
required.
'The MZST process is a proven technology for rapidly completing wells in
a variety of unconventional plays,? said URC President Sara Ortwein.
'The significance of this technology will continue to increase as more
operators look for ways to improve the economics of their unconventional
drilling programs.?
The MZST process will enable Trican to optimize its stimulation
operations by combining the deployment of perforating and hydraulic
fracturing equipment simultaneously in the wellbore to enable
'single-trip' multi-zone stimulations. The technology dramatically
increases the number of zones that can be fractured per day compared to
conventional fracturing and stimulation operations.
Trican is a global provider of specially-designed fracturing, coiled
tubing, cementing and well servicing solutions.
Jim Venditto, Trican′s vice president of technical services, said, 'Our
customers are asking us to reduce the time and cost involved in
fracturing wells, without sacrificing safety or well integrity. The MZST
process gives us another way to achieve this for our customers.?
The MZST process was developed by ExxonMobil Upstream Research Company,
an affiliate of Exxon
Mobil Corporation. The technology was recognized with the Platts
Global Energy Award for Most Innovative Commercial Technology in 2005
and has been licensed to numerous service companies.
About ExxonMobil Upstream Research Company
ExxonMobil Upstream Research Company is the Upstream research affiliate
of Exxon Mobil Corporation (NYSE:XOM), a leading global oil, natural
gas, and petrochemicals company with operations in nearly 200 countries
and territories worldwide. ExxonMobil Upstream Research Company is
charged with developing an industry-leading array of proprietary
technologies that support the Corporation's continued leadership
position in exploration, development, production and gas
commercialization.
About Trican Well Service Ltd.
Headquartered in Calgary, Alberta, Trican has operations in Canada, the
U.S., Russia, Kazakhstan, North Africa and Australia. Trican provides a
comprehensive array of specialized products, equipment and services that
are used during the exploration and development of oil and gas reserves.
MZST is a service mark of Exxon Mobil Corporation
CAUTIONARY STATEMENT: Statements in this release regarding future events
or conditions are forward-looking statements. Actual future results,
including the performance of new technology, could differ materially
depending on geologic conditions, technical or operating factors, and
other factors discussed under the heading 'Factors Affecting Future
Results' on the 'Investors' section of our website at www.exxonmobil.com.
ExxonMobil
Patrick McGinn, 713-656-4376
