Introduction of Vertechs · Introduction of Vertechs ... • Manufactured with strict tolerances to...

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WWW.VERTECHS.COMVERTECHS® - Your One Source Oil & Gas Solutions

Introduction of VertechsDedicated to Providing

Integrated Products & Engineering Solutions

V4.0 Apr 2017


OUR INDUSTRY HAS CHANGED!

TECHNOLOGY, PERSONNEL, CONTRACTS, TIMING

NEW FUNDAMENTALS & NEW RELATIONSHIPS

VERTECHS EMBRACES CHANGE…


For more information, please visit our website www.vertechs.com or follow us on LinkedIn or Facebook by searching company name: Vertechs

VERTECHS

VERTEX

VERTEX

®

A registered trademark in the US & China

Versatile Technologies

About the Name of Vertechs


We Are Working in A Different Era

Hired after the plan is made

Business partners –help make the plan

1970’s – 1990’s 1990’s – 2017…

ProductSalesOnly

Integrated Solutions


• Suppliers (product sales)• Mining and product manufacturing

are internally done• Initial steps for innovation• Beginnings of preferred status but

still “arms-length”• Technical personnel requirements

are minimal initially

FAMOUS COMPANYS IN TRANSITION (for example)

1980’s – 2016…

• Designers/inventors• R&D ‘in-house”• Purchase components• Limited business partners either available or

considered• Technical personnel for technology are

mainly staff

• Set criteria for technology• Reduced or delegated R&D• Preferred purchase model is more

integrated – lump sum or incentive based.• Aligned goals with business partners• Minimal technical staff – engineering or

project personnel to manage 3rd parties

• Designers, inventors to meet criteria• Contract production – 3rd party

sources• Focussed on innovation• Numerous integrated contracts,

embedded personnel, incentive based commercial model is typical


What is message?• Teamwork – blending

buyer & seller roles• Collaboration –

shared outcomes• Modernization –

innovation, effectiveness, delivery

• Cooperation –winning through teamwork

• Mutual Benefit –project executionrewards all parties

PROGRESS =PERFORMANCE


Defining Vertechs

Vertechs is motivated to provide technologically superior products and services

to drive cost reduction and furnish improved service for the customer. Vertechs

is seeking customer agreements with equitable risk and opportunity share for all

parties involved. Our focus is the outcome.

“Shared goals and Shared Benefit”

Vertechs offers an experienced engineering team to add value within any integrated project team.

Dedicated to ProvidingInnovative Products & Engineering Solutions


Vertechs can solve the puzzle….

MULTI-DISCIPLINE TEAM

1. EXPERIENCED2. COMMITTED3. ACCOUNTABLE4. DRIVEN5. PROVEN


Vertechs’ International Presences

Calgary

Albuquerque ChengduHong Kong

Hanoi

Kiev

Abu DhabiBangkok


Company Org Chart

Vertechs Oil & Gas Technology USA LLC

Vertechs Oil & Gas Technology Co., Ltd

IT Support Admin Team

Logistics Team

HSE Officer

FinanceEngineering

Team

AE Team

R&D Team

Field Service Team

Legal advisorProcurement

Team

Global Business Development

Vertechs Oil & Gas Service

Co., Ltd

Vertechs Oil & Gas Technology HK Co., Ltd


Vertechs QHSE Management System

BV certified ISO9001, ISO14001, OHSAS18001

ZERO accident for 1983 days.

Comprehensive QHSE system in place.

Achilles Qualified Supplier of certified products.

Green Banding vendor of Shell (The highest HSE Capability Certification).

Qualify Certification


VSA System

Vertechs VSA is the extension of a process that creates a safety partnership between management and employees that continually focuses people's attentions and actions on theirs, and others, daily safety behavior. VSA includes all employees, from the President to the front line workers including employees, contractors and sub-contractors. VSA provides the opportunity to make changes in behavior initially, ultimately

changes in policy, procedures and/or systems most assuredly will follow.

Vertechs Safe Assessment


Our R&D CapabilityAs a company powered by innovation, Vertechs established its R&D Center in Chengdu, the hub of unconventional oil & gas development in China. Vertechs experienced and highly skilled team examine our customers’ operations closely, analyze each product or system application thoroughly, then professionally provide our customer with specific, engineered solutions. Patented products, proven results, loyal client base over our past history, combined with our appetite for invention, drives the Vertechs business model. We strive to be a preferred business partner and continue to grow sustainably as a leading edge technology provider.


Our International PublicationsAn active member of technological and engineering publications in

international oil & gas industry community


Social Responsibilities Participate and contribute to Charity parties for SOS Children village fund-raising.

Provide internship opportunities for students from local universities.

SPE activities Sponsor.

Monitor China’s remote, impoverished areas for opportunities

to contribute, organizing donation drives for improving education.


Versatility in Our Offerings

Completions / Cementing / Intervention / Drilling Fluids / Production Services / Wellbore clean-up / Project Management


Completions Tools & Services


Vertechs Completions Solutions

Vertechs WIZARD® Dissolvable Bridge Plug

PhantomTM big bore bridge plug

PhantomTM Hybrid big bore bridge plug

VVANISHTM Dissolvable Frac Ball

VVanishTM Diverter Ball (VDB)

Snubbing Eliminator


Track Record of Vertechs Completions The first company introduced open hole ball seats retrievable

system to tight sand application in China.

The first company RIH PhantomTM big-bore bridge plugs in Sichuan shale gas project. 373ea successful records with ZERO failure.

The first company successfully run dissolvable bridge plug in southwest China shale play.

The first bridge plug supplier for Shell P&A operation in South China Sea.

P&A service provider for Shell southwest China shale gas project.

TD solution service provider for South China Sea IOC project.


Vertechs WIZARD® Fully Dissolvable Bridge Plug

10,000psi Rated

Fully Dissolvable Components

Customized ROD

√√√

The ROD (Rate of Dissolution) is fully customizable based on downhole conditions

Full bore access to facilitate

well logging & refrac

No Drill-out;Timely flow back &

produceFully Dissolvable

Element

Customized

Dissolvable Metal

Anti-presetMechanism


Evolved from perf & plug with composite bridge plugs.

Max 2.75” ID (for 5.5” casing) & VVANISHTM dissolvable frac balls.

NO more drill out with CT, operation risk minimized, switch from stimulation to production way faster.

Plugs can be deployed into deeper horizontal interval.

Robust & reliable.

Phantom Big - Bore Bridge Plug


Phantom™ Hybrid - Big Bore Bridge Plug

• An innovative hybrid of composite plug & big bore bridge

plug.

• Easy drill out to enable full casing ID for re-entry or refrac,

equivalent milling efficiency to normal composite plugs.

• Up to 2.5” flow-thru ID.

• Work with dissolvable frac ball.

• Mill out is not needed.


• Size available from 1” to 3.75”.• Specific gravity 1.87SG.• Dissolves when in contact with formation fluids, requires no acid or other chemicals to

dissolve.• Surface coated to delay dissolving and maintain stability until stimulation operations are

complete.• Stronger than comparable composite balls enabling pressure ratings up to 10,000psi.• Manufactured with strict tolerances to ensure success of operations.• Can be applied in well temperature 77~ 302 degF.• Environmental friendly.

VVANISHTM - Metal Dissolvable Frac Ball


VDBTM – Diverter Frac Ball

Ensure optimal treatment of all perforation sets

Increase fracture network complexity/coverage

Maximize total recovery

Accelerate stimulation operations

Enable horizontal multi-stage initial hydraulic fracture

treatments and re-fracturing applications.

Benefits

Like all liquids, fracturing fluids tends to follow the path of least resistance. This can result in over-treated zones, untreated perforation clusters within a stage. VDB is used to increase fracture network complexity by blocking off the path of least resistance and redirects the frac fluids to untreated perforation sets within the stage.


Snubbing Eliminator – Game Changing Black Technology

Imagine the $$$ We can save for operators When snubbing unit is no longer

a Must-Have to RIH tubing in live wells

Temporary well isolation

10,000psi pressure rating

350F temperature rating


Cementing & Specialty Additives


Best-in-Class Cementing Services

Multi-FIT Cement System

Vertechs Cementing Additive System

FlexPlusTM Elastoplastic Additive

VXR Ultra-Stable Retarder

Fiblok Specialty Loss Prevention Fiber

Cementing & Specialty Additives


4 years flawless cementing operations on Shell

challenging shale gas project in southwest China. 26

wells P&A cement plug accomplished in Southwest

China.


WWW.VERTECHS.COMVERTECHS® - Your One Source Oil & Gas Solutions 29

Vertechs is not only an cement slurry supplier, but also a successful

“cementing solution” provider !!!


•High Temperature

（Differential）•High Pressure•High Density

Specialty Additives

•Narrow Annulus•Background Gas•Mud Losses

Efficient Pre-flush

•OBM

Optimized Pumping Schedule

•Displacement: Brine (NaCl )•High Pump Pressure



The PROVEN solution of HTHP & high differential temperature application Specialty additive for high differential temperature between bottom hole and TOC (up to 248 deg F

differential temperature)

All additives are stable under high temperature (up to 428 deg F)

Applicable to density range from 9.18ppg to 24.20ppg

Good compatibility with OBM/WBM


Block Service Period TOC/Bottom

Temperature, ℉Lab Test

Pressure, psiCement SlurryDensity, ppg

OBMWeight, ppg

OperationResult

AnnulusPressure

FS Shale Gas

Year 2011 - 2017

97/277 12035 16.70– 19.20 14.52 – 17.87 Good No

ZT Tight Gas104/264

14935 17.02 – 19.20 15.36 – 18.36 Good No

JQ Tight Gas 93/221 12905 17.02– 20.03 15.36 – 16.19 Good No

Multi-FIT Case History in southwest China IOC shale gas ops


Vertechs Cementing AdditivesFluid Loss Control Additives AquaLok ,VFLFriction Reducer/Dispersant DispLite ,DISVRetarder VSR, VXRAccelerators AccemGas Migration additive GasTieElastoplastic Additive FlexPlusExpander Xpander, GXpanderSuspend Additive VSLoss Circulation Fiblok, ULIA, SealTEXDefoamer DFSpacer VispacerFlush Additive VClean, XweeperSilica SilicaMicro Silica Micro SilicaHeavy Weight Additive VHW, Xdense, Barite, MicroMaxLight weight Additive VLW, Vlite


FlexPlusTM is utilized to increase the elastic properties of cement sheath,

minimizing annular pressure risk after fracturing. FlexPlus has been proven

in over 100 wells cementing operations.

FlexPlusTM - Elastoplastic Additive

Inert additive, will not affect slurry performance；

Applicable to fresh water and sea water ；

Temperature range: 95degF − 350 degF (BHCT).

Features：


Temperature range: 95degF − 400degF (BHST).

Large differential temperature solution (over 212degF), high compressive

strength (up to 1015psi@72h) at TOC.

Applicable to ultra-low density (9.18ppg) and ultra-high density (24.2ppg)

slurry range.

Less sensitive to temperature, pressure or density.

VXR - Ultra-Stable Retarder

11.5h

The key to differentiate Multi-FIT cement slurry system

Features

The key to high differentiate Multi-FIT cement system.

Least sensitive to temperature, pressure or density.

Long term stability performance on site.


Before After

Proprietary fiber Fiblok is used to cope with seepage losses and for better borehole

clean up. Proven in over 100 wells for wellbore cleaning up and losses prevention.

* Equivalent Loss Circulation Density increases 0.34SG after circulation with Fiblok on a shale gas horizontal

well in Southwest China.

Fiblok - Specialty Loss Prevention Fiber


Drilling Fluid Systems & Specialty Additives


Vanguard™ HPWBM System & Additives

Vantage™ NAF Mud System & Additives

ULIA® Ultra-Low Invasion Additive

SealTEXTM Loss Circulation Solution

HPIT – High Pressure Invasion Tester

XPlugTM Resin

VCleanTM High Efficient OBM Flush Additive

Drilling Fluid Systems & Specialty Additives


Vanguard™ HPWBM System & Additives

V-Guard

VDril 250

V-ShieldV-Stab

VC-LubeV-Free

ULIA®

Amine shale inhibitor –chemical shale protection

Ultra-Low Invasion Additive – wellbore protection/losses

HC lubricant – for harshenvironmentsAnti-accretion additive

API FL, HTHP FL & Rheology

Customized PHPA polymers for shale inhibition

VT-Vis DLSRV Control


Vantage™ NAF Mud System — Composition

Primary-Emulsifier

Secondary-Emulsifier

Organic Gel

Wetting Agent

Filtration Control Additive

Rheology Modifier

Conventional Oil-Base Mud System

Vantage™ = Simplified Major Components

Simplified selection of additives.

Reduced effective concentration of additives.

Simplified mixing and maintenance process.

Excellent suspension ability/flexibility and emulsion stability.

Easier to control the viscosity and gel strength within any

acceptable range.

Better environmental acceptance for building the SBM.

Advantages

Multi-functional with primary, secondary emulsification as well as wetting function.

Fluid loss control, lubricity improvement, well bore stability as well as filter cake quality maintenance

Adjust yield point, gel strength and low shear rate viscosity with minimum effects on the plastic viscosity

For increasing viscosity, gel strength and emulsification stability .


HPIT – High Pressure Invasion Tester

The most compact high pressure, visual drilling fluids invasion tester

Features

• One-fit-all LCM & fluids invasion tester

• Differential testing pressure up to 1,100psi

• Simple manual operation

• Compact, all accessories in one toolbox

• NO external power or gas source required

• Transparent invasion observation window

Patent Pending

Jun.2016, HPIT featured in JPT, the

SPE’s flagship magazine.



ULIA® is a field proven additive that allows building a low invasion drilling

fluid which improves wellbore circumferential stress, prevents hole

collapse and effectively controls mud losses. Since ULIA® has no polymer

component it can be used in temperatures up to 350degF.

Features

• PSD optimization resulting in less screen out by shakers.

• Minimum impact to rheology due to no polymer component.

• Less formation damage due to acid solubility.

• Completely compatible with MWD/ LWD tools

• Compatible with both water based and synthetic based muds.

20-40mesh sand bed

testing 30mins

@1000psi

Invasion length

less than 2” Filter cake less than 2mm @ 900psi



2015 World Oil Guide To Fluids: Recognized Oilfield Additives


Additives 1#(base mud) 2#（ULIA） 3#（XXX）4#（XXX2000）

Fresh water ,ml 400 400 400 400

Caustic Soda ,g 0.45 0.45 0.45 0.45

XC Polymer ,g 1.6 1.6 1.6 1.6

ULIA ,g 20

XXX ,g 20

XXX 2000 ,g 20

Rheology @ 40 ℃

600 36 40 64 74

300 27 30 47 54

200 24 26 40 45

100 19 20 30 34

6 10 10 13 13

3 9 9 11 11

Gels 10s/10m 4.5/ 4.5/ 5.5/ 5.5/

PV 9 10 17 20

YP 9 10 15 17

Invasion (20/40 mesh sand bed ) Length ,cm

100Psi(0.7MPa) Total Loss 2 5 2



5%ULIA 5% XXX 5% XXX2000

ULIA® Ultra-Low Invasion Additive – Comparison Test


SealTEXTM Loss Circulation Solution

SealTEXTM is a unique blend of inorganic sealants and bridging agents that are used as an innovative

approach to loss. SealTEXTM effectively bridge and seal extremely permeable formations, over-balanced

formations or hydraulically induced fractures. It is a fast acting and extremely cost-effective solution to lost

circulation in many types of downhole conditions.

Features

•Pre-mixed and packaged

•Compatible with all fluid systems

•Eliminates need for multiple LCM products

•Saves rig space and minimizes waste

•Environmentally safe, non-toxic

•Use as a spot, sweep or as a squeeze pill

•Working temperature up to 356˚F.

0.2” beads

bed testing

@750psi

Invasion

cake less

than 1/2”


XPLUGTM - Right Angle Set Resin

• Right angle set.

• Functions across a wide range of temperatures (40 –

300℉).

• High compressive strengths – 4 times higher than

average cement.

• Over 60 times the tensile strength of cement.

• Low viscosity (25 cps) prior to cross linking.

• Density ranges of 7.0ppg up to 19.0ppg.

• Easy drill out.

• Ultra-high shear bond strengths (over 2,000psi).

Features

XPLUGTM, a right-angle set resin system is ideal for use in instances of massive loss circulation. In zones

where losses are always heavy, XPLUGTM provides a cement-like consistency that stops leaks and gets

production moving again.

• Micro-annuli repair.

• Sealing failed cement plugs &

packers.

• Plugging control lines.

• Casing leaks.

• Water shut-off.

• Kick off plugs.

Applications


VCleanTM - High Efficient Cleaning Product

VCleanTM is a specialized downhole cleaning product designed

for harsh environment. It has been applied successfully in 38

wells cleaning operations in China, including P&A and

unconventional projects.

VCleanTM is also a chemical product recommended by World

Oil Fluids Guide 2015.


• Effective cleaning, excellent performance with

emulsion breaking, thinning, dissolving & dispersion.

• Biodegradable and environmentally acceptable.

• Compatible with fresh water, seawater and clear brines.

• Working temperature up to 350 degF.

Features

VCleanTM is a solvent/detergent product designed specifically for OBM environments. VClean is field proven

to provide efficient cleanup of residue deposits and creates a water wet environment on the casing and

downhole tools prior to perforating the casing and stimulating the well.

Drill pipes POOH

in OBM well.

Drill pipes POOH

after VClean ops.

VCleanTM - High Efficient Cleaning Product


TD Solutions & Casing Accessories



The definition of TD Solutions:

By utilizing systematic approaches, combinations of various types of centralizers, specialty

tools and comprehensive simulations, to maximize the odds of successfully running casing to

the total designed depth to ensure superior cementing results.


Key factors of TD solutions

• In-depth understanding of well

background

• In-depth understanding of various

casing accessories

• Engineering simulation & optimizations

• Specialty tools

• Experience


TD Solutions/%E6%B6%B2%E5%8A%A8%E6%97%8B%E8%BD%AC%E5%BC%95%E9%9E%8B-20150305.pdf

TD Solutions/%E6%B6%B2%E5%8A%A8%E6%97%8B%E8%BD%AC%E5%BC%95%E9%9E%8B-20150305.pdf


HydroGRS™ - Hydraulic Guide/Reamer Shoe

HydroGRS™ is a guide shoe designed to assist in getting the casing to bottom in difficult

environments saving time and overall costs. The shoe has a proven track record of getting casing to

bottom in a significantly shorter time when swelling shales, ledges and/or washed out areas are

hampering the ability to get casing to TD successfully. The rotary nose is free to rotate as needed to

“follow” the hole while running casing but can be rotated with

pump pressure to actually ream the hole if necessary.

5” to 9-5/8” tool designs available

As an innovative casing

running solution, HydroGRS™

was published by

“JPT, July 2015”


CST – Cement Support Tool

Cement Support Tool (CST) is the only tool that can be pumped through a Drill Pipe for several thousand feet and after exiting the pipe, fill the open hole and be a support for an off bottom cement plug.

Features

• Proven in more than 1,000 operations, ZERO failure

• Multiple cement plugs can be set with multiple CST’s with only

one trip in the hole

• Easy transportation and operation

• Easy drillability with rock bit


One-Piece CentralizerOne-piece centralizer, has addressed the failings of conventional spring and solid body

centralizers with some designs producing benefits such as zero start force and zero

running force that reduce drag significantly. Reducing torque ensures that casings can

be rotated easily, in both cased and open holes, at a deeper level than before.

FEATURES• Optional from 2-7/8” to 20”

• Zero weak points, Torque and drag reduction

• Zero start and running forces

• Designed to compress virtually flat to casing

• Improved stand off ratio

• Extremely robust, and flexible


Evaluation


AUI - Annular Ultrasonic Imaging

AUI, Annular Ultrasonic Imaging Logging is an advanced cased-hole logging technology utilizing detection of

echo amplitude, time of echo and echo attenuation mechanism. AUI provides precise evaluation of cement

bond quality with 360°imaging profile. The casing OD & ID, corrosion and stand-off information can also be

obtained simultaneously. It has been utilized for cement bond imaging analysis on a large number of wells

both home and abroad.

AUI Logging ToolOutput Field Ops

Visualizing your cement sheath properties!


Production Optimizations


Production Optimizations

• Rigless ESP System

• Plunger lift systems

• Echometer fluid level measurement

(for drilling and production phases)

• Well temporary/permanent isolation or abandonment.


Rigless ESP System

Vertechs Rigless ESP system utilizes wireline but requires no rig or hoisting equipment toreplace failed or sub-optimal ESP system. This significantly reduces the duration ofsuspended production and workover cost over the more traditional methods of ESPreplacement.

FEATURES

A rig or hoisting equipment is eliminated when replacing failed or sub-optimal ESP

Reduce operational time, labor cost and risk exposure

Minimize well down time & maximize production time

Protect reservoir from fluid contamination


The following contacts can be reached for more information

Accountability Innovation Mutual Benefit Trust

www.vertechs.comVERTECHS® Your One-source Oil & Gas Solutions

[email protected]

Gary Zhang Cell +86 13981712752 Office +86 28 6527 2081 Ext. 805 email: [email protected]

Liam Zeng Cell +86 15882416599 Office +86 28 6527 2086 Ext. 810 email: [email protected]

Introduction of Vertechs · Introduction of Vertechs ... • Manufactured with strict tolerances to...

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