World Oil | Acoustic Data Wins $4.5MM Contract

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1 May, 2020
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20 January, 2021

World Oil | Acoustic Data Wins $4.5MM Contract

Acoustic Data has been awarded a $4.5mm three-year contract by a supermajor to deploy its SonicGauge™ Wireless Monitoring System in onshore gas fields in Asia.

Acoustic Data’s acoustic telemetry systems will be deployed in multiple wells to acquire downhole data for real-time reservoir evaluation and production optimization. The technology’s major advantage is that it can be quickly and safely retrofitted via slickline in existing wells with Acoustic Data’s patented Barracuda™ HEX-Hanger™. The new retrofittable technology also offers the operator a low-profile downhole monitoring solution that minimizes disruption to production within the fields.

“This marks our first long-term contract in Asia, and to do this with a supermajor is a testament to our technology offering. These are high-rate gas wells that have posed many problems for cabled downhole monitoring systems. However, our turnkey wireless solution will offer a reliable and flexible way to increase downhole data to desktop while reducing OPEX", said Stephen Murphy, Global Sales Director at Acoustic Data.

The SonicGauge provides simple real-time data acquisition and reporting as an alternative to cabled permanent downhole gauges and sporadic memory gauge surveys. The system has been deployed more than 120 times and has 80+ years of accumulated downhole monitoring time globally.