WellDynamics

WellDynamics Inc.

Type	Joint Venture (Halliburton International, 51%; Shell Technology Ventures (49%)
Industry	Oil well equipment and services
Founded	2001 (previously known as Petroleum Engineering Services, founded in 1996)
Headquarters	Spring, Texas, USA
Key people	Derek Mathieson, , President and CEO
Products	Intelligent well completion technology
Employees	Approximately 490 (2008)
Website	www.welldynamics.com

WellDynamics, a division of Halliburton, is a manufacturer of intelligent completion technology to the upstream oil industry. The company’s SmartWell technology, introduced in 1997, was the industry’s first intelligent well completion system.

Intelligent completion technology is designed to optimize well, production and reservoir management processes by enabling operators to remotely monitor and control well inflow or injection downhole, at the reservoir, without physical intervention. Intelligent completions consist of some combination of flow control and zonal isolation devices (typically interval control valves and packers), permanent downhole gauges, downhole control systems, digital infrastructure and fiber optic systems.

History

On July 1, 2008, Halliburton acquired 100% of the stake in WellDynamics, Inc from Shell Technology Ventures. WellDynamics continues to operate as an independent division of Halliburton.

See also

• List of oilfield service companies

References

2. StatoilHydro awards Halliburton and WellDynamics nearly $900 million in contracts for services on Norwegian Continental Shelf
3. WellDynamics Installs First SmartWell Intelligent Completion in Agbami Field, Offshore Nigeria
4. StatoilHydro Awards WellDynamics Norge a.s. Two Frame Agreements
5. Offshore Technology - WellDynamics - Leading Provider of Intelligent Completion Technology
6. WellDynamics Corporate Website - www.welldynamics.com
7. HALLIBURTON ACQUIRES 100 PERCENT OF WELLDYNAMICS