Website www.welldynamics.com | Founded 2001 | |
Industry Oil well equipment and services Key people Derek Mathieson, President and CEO
Larry Kinch, Chairman of PES International Ltd Products Intelligent well completion technology Number of employees Approximately 490 (2008) Headquarters Spring, Texas, United States Type of business Joint Venture (Halliburton International, 51%; Shell Technology Ventures (49%) | ||
Lunch time welldynamics
WellDynamics, a division of Halliburton, is a manufacturer of intelligent completion technology to the upstream oil industry. The company’s SmartWell technology, introduced in 1997, was the industry’s first intelligent well completion system.
Contents
Intelligent completion technology is designed to optimize well, production and reservoir management processes by enabling operators to remotely monitor and control well inflow or injection downhole, at the reservoir, without physical intervention. Intelligent completions consist of some combination of flow control and zonal isolation devices (typically interval control valves and packers), permanent downhole gauges, downhole control systems, digital infrastructure and fiber optic systems.
History
On July 1, 2008, Halliburton acquired 100% of the stake in WellDynamics, Inc from Shell Technology Ventures.