Conveyor -based energy company Chevron Technology Ventures has invested in Norwegian downhole technology firm Well Conveyor for its battery-powered system. Well Conveyor has carried out extensive in-house qualification testing of the technology and is now preparing for first field trials in the US. As part of a $1.8m funding round, the California corporation's Chevron division put money towards the Slim Battery-powered conveyor, which has an extended tractoring distance 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 reduced manpower necessary to operate. Notably, Well Conveyor was previously a member of Chevron Technology Ventures 's Catalyst Program acceleration scheme.
Conveyor -based energy company Chevron Technology Ventures has invested in Norwegian downhole technology firm Well Conveyor for its battery-powered system. As part of a $1.8m funding round, the California corporation's Chevron division put money towards the Slim Battery-powered conveyor, which has an extended tractoring distance 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 reduced manpower necessary to operate. Notably, Well Conveyor was previously a member of Chevron Technology Ventures 's Catalyst Program acceleration scheme.