WellDog awarded downhole gauge supply contract by Arrow Energy
Nov 03, 2011 | 440 views | 0 | 5 | | | permalink
Brisbane, Australia (3 November 2011) - WellDog announced today that it has won a competitive tender to provide hundreds of downhole pressure gauge systems to Arrow Energy Pty Ltd over the next two years, with work commencing immediately. WellDog revenue expected under the contract is estimated at between A$5 million and A$10 million depending on exact volumes and services required.
"We're pleased to be selected by Arrow for this important contract," said John M. Pope, Ph.D., president and CEO of WellDog. "We are focused on exceeding Arrow's expectations."
The contracted work includes provision of systems as well as services related to installation of the systems. Several bids were received by Arrow for the competitive tender.
The downhole gauge systems will enable Arrow to carefully measure and manage bottom hole pressures in their wells, optimizing their time to gas and minimizing unnecessary water production.
Arrow is a global leader in coal seam gas development.
About Arrow Energy Pty Ltd
Arrow Energy is one of the largest integrated energy companies in Australia with five gas producing projects in the Surat and Bowen Basins and interests in three gas-fired power stations. Arrow currently provides approximately 20 per cent of Queensland's gas supply which is mostly used to generate electricity. Arrow was acquired by Royal Dutch Shell and PetroChina in a 50/50 joint venture partnership in 2010.
WellDog (trade name of Gas Sensing Technology Corp. and WellDog Pty Ltd) is a privately held company that applies a diverse set of innovative technologies to address the numerous critical needs of the unconventional oil and gas, mining and alternative energy industries in a high volume, low cost manner. Its flagship gas testing technical service has identified more than half a billion dollars worth of natural gas in hundreds of coals around the world over the past ten years, while enabling resource producers to preserve more than a billion gallons of water. WellDog now provides five business services to the coal seam gas, shale gas and coal mining industries including gas testing, permeability testing, permanent monitoring sales and installations, downhole water/gas separation and re-injection, and reservoir engineering services. The company has offices in Laramie, Wyoming and Brisbane, Queensland. More information is available at www.welldog.com.