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Silverwell agrees three-year multi-well gas lift contract with major NOC in Southeast Asia

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Oilfield Technology,

Silverwell Technology Inc has been awarded a contract with a major National Oil Company (NOC) in Southeast Asia for the installation of its Artificial Lift Production Optimization (DIAL) system on multiple oil wells.

Under the three-year multi-well contract, Silverwell’s DIAL technology will be deployed in challenging operating environments on green and brown field assets. The contract is expected to lead to large-scale adoption of DIAL by other operators in the region.

DIAL is used by operators around the world, both onshore and offshore. The system integrates in-hole monitoring and control of gas lift well performance with surface analysis and automation to continuously optimize gas lift fields, remotely and without intervention.

Manage the contract and offer operational support to customers throughout the region. Silverwell has expanded its local presence by recruiting additional operations staff in Malaysia and Indonesia.

“Our latest multi-well contract provides further evidence of the growing confidence among operators in DIAL’s ability to save them millions of dollars,” said Badroel Rizwan Bahar, Asia Pacific Regional General Manager.

Darrell Johnson, CEO of Silverwell, commented: “This landmark contract for the large-scale adoption of DIAL enhances Silverwell’s presence in an important geographic market. Around the world, DIAL sales are increasing as operators look for proven methods to reduce operating expenses and maximize asset productivity.”

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