BRISBANE, Australia, April 20, 2016 /PRNewswire/ -- WellDog announced today that it has inked exclusive, multi-year contracts worth about A$35 million through its Artificial Lift business unit based in Toowoomba, Queensland. The contracts commit the company to providing cost effective, downhole progressing cavity pumping (PCP) system equipment, as well as technologies to extend pump lifetime, to Coal Seam Gas (CSG) operators active in the Surat and Bowen basins.
"Frequent workovers caused by heavy solids production and pump failure have plagued CSG since it started," said WellDog CEO John M. Pope.
"Our solids management technical products have been proven over the past few years to provide a step change increase in pump lifetime."
"The pump, which was developed by Baker Hughes and features an elastomer designed for Queensland coal seam gas applications, should further increase pump performance and reliability substantially."
"We're pleased to see these advanced technical solutions being adopted by the CSG industry."
The contracts were awarded by multiple operators via competitive tender processes that attracted the world's top artificial lift equipment and service providers. WellDog submitted the winning bids in partnership with Baker Hughes, its key artificial lift provider. Baker Hughes is a global leader in artificial lift systems and services for the oil, gas, and water production markets.
WellDog's Artificial Lift business unit was launched in 2014 and was promptly followed by the opening of its Artificial Lift Technology Center in Toowoomba, QLD. The business unit provides a suite of artificial lift products to the Australian coal seam gas market including pumps, drives and solids management technology. WellDog also provides pump inspection services to verify pump efficiency and determine root cause analysis of pump failure, all done out of its Artificial Lift Technology Center.
ABOUT WellDog: WellDog is an energy-focused technical services company that delivers practical technical and business solutions in a high volume, cost effective manner with a remarkable customer focus. The company's mission is to develop and deploy innovative technologies and business models to produce resources faster, responsibly and sustainably. Since 1999, WellDog has focused on providing cost effective, reliable, accurate subsurface data and data collection systems to high volume resource production operators such as shale oil and gas, coalbed methane, and coal mining operators. The company's ultimate aim is to assist in improving economic quality of life without reducing environmental quality of life. For more information, visit www.welldog.com.
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