The Conveyor has been designed for simplified operations and reduced maintenance, enabling the service to be provided by the regular wireline / conveyance providers. California - based technology company Chevron Technology Ventures has invested in Norwegian downhole technology firm Well Conveyor for its battery - powered system . As part of a $ 1.8 m funding round , the US corporation 's Chevron Technology Ventures division put money towards the Slim Battery - powered system , which has an extended tractoring range north of 15,000 ft , designed for difficult and highly deviated wells . The device 's lack of dependence on surface power offers huge flexibility , while its simplified design results in less maintenance and less time necessary to operate . Notably , Well Conveyor was previously a member of Norway 's Innovation Program acceleration scheme .
California - based technology company Chevron Technology Ventures has invested in Norwegian downhole technology firm Well Conveyor for its battery - powered system . As part of a $ 1.8 m funding round , the US corporation 's Chevron Technology Ventures division put money towards the Slim Battery - powered system , which has an extended tractoring range north of 15,000 ft , designed for difficult and highly deviated wells . The device 's lack of dependence on surface power offers huge flexibility , while its simplified design results in less maintenance and less time necessary to operate . Notably , Well Conveyor was previously a member of Norway 's Innovation Program acceleration scheme .