Cold Bore Technology has announced that one of the major oil producers in North Dakota’s Bakken Formation has selected its proprietary SmartPAD technology.
The oil producer has selected Cold Bore’s SmartPAD technology to digitise fracking completion operations.
The SmartPAD platform will capture and analyse ultra-high-resolution operational data in real-time resulting in higher efficiency. It will reportedly also lead to a safer on-site environment, as well as increased transparency for workers.
This digitisation technology has so far been deployed by six of the top ten fracking operators across North America.
Cold Bore Technology president Brett Chell said: “We’ve seen interest in our SmartPAD technology grow exponentially in the last 12 months and I’m very pleased to now have our first integrations in the Bakken, which is the third-largest US shale oil field, behind Texas’ Permian.
“We do expect further producers in the region to begin integrating the technology over the coming months as field results demonstrate the significant value of having real-time access to ultra-high-resolution data.”
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By GlobalDataThe SmartPAD integration enables Bakken producers to have real-time remote visibility of on-site operations and decreased downtime.
It will also enable accurate identification of average service operating times, reduced completion costs and increased pad efficiency.
Other benefits of the technology include the mitigation of several safety issues such as trapped pressure, leaking valves and other hot zone incidents.
The SmartPAD technology works using a combination of valve positioning, pressure monitoring sensors and field data collection systems to complete fracking operations.
It also uses proprietary software to fully digitise fracking completion operations.