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Petroleum Technology Company AS

Petroleum Technology Company AS

Slettestrandveien 134032 Stavanger

Norway

Tel: +47 51 95 08 00Fax: +47 51 95 08 01

post@ptc.as

buSineSS PreSenTATionS ProduCTS/equiPmenT/mATeriAlS

www.ptc.as

A fresh approach to equipment design and manufacturePetroleum Technology Company AS (PTC) was founded in 2002. PTC deliver a step change in Safety and barrier philosophy, with focus increased Production and operational efficiency. The core technology focus for PTC is within production technology; artificial lift, wellhead barrier technology and well completion products.Artificial liftGas is the most commonly applied methodology for artificial lifting of oil from a reservoir in the North Sea area. PTC is proud to have developed the only gas lift valve (GLV) in the industry that presently is qualified as a well barrier, which also has passed the additional erosion test – the SafeLift valve. The SafeLift GLV is tested and qualified to the most stringent criteria: The ISO 17078-2 and ISO 14310-V0 in addition to in-house test protocol set by Petrobras in Brazil and Shell in GOM. The inherently simple design of the valve, no moving parts exposed to the flow, no seals exposed and all critical seals metal-to-metal also made the valve pass a test for up to 15 years lifetime. The valve is also available in a version specially designed for injection of chemicals in combination with gas.

Wellhead barrier TechnologyPTC has developed a Surface Annulus Safety valve system to be used in wells currently on gas lift. There are both a fully mechanical system and a hydraulically operated (SAS and M-SAS) which facilitate gas injection whilst working as a surface barrier in case the surface lines is being damaged by a falling object, as the valve is fully inserted in the VR profile in the wellhead.

Chemical injection SystemsThe PTC Chemical Injection System has been developed from our downhole and surface gas lift equipment. As a result, the system uniquely includes both downhole and surface chemical injection valves, which also qualify as well barrier valves. The option exists to permanently install the downhole chemical injection valves (SafeLift™ / ISOLift CIV’s) in our dedicated chemical injection subs (CIS). Alternatively the downhole valves can be installed in any stand-ard side pocket mandrel.

Jet PumpsPTC offer a family of nominal 3 ½“ jet pumps, with a full range of throat and nozzle combinations, capable of produc-ing in excess of 25000 bbl/d production. The pumps can also be supplied with integral SSSV’s, which are actuated by power fluid pressure. These can provide a primary deep-set well integrity barrier, when the power fluid is depres-surized. In common with all other PTC equipment, our Jet Pumps have been designed from a “clean sheet of paper”, resulting in optimized flow path geometries for maximum pump efficiency.