Oil and natural gas prices have been volatile over the past few years, however, the industry is still surging with potential. Oil and gas producers are still constantly seeking ways to access deeper and more challenging reservoirs, improve drilling performance, and accelerate time to the first production in all projects.
Beginning in 2011, MIT Technologies designs and manufactures a portfolio of proprietary leading-edge oilfield products at the forefront of global drilling, completion, and production technology, all focused on reducing the time taken and increasing returns.
The company aims to contribute to economic growth wherever they operate by using forthcoming technology to accelerate the oilfield industry and assures to maintain a culture of innovation and excellence in all that they do.
MIT Technologies has developed the Intelligent Circulation While Drilling (iCWD) sub, which sets a new benchmark for improving well economics.
The iCWD is a remotely operated sub that enables the driller to treat losses, places cement plugs or improves hole cleaning without the need to pull out of the hole, saving expensive rig time. Capable of being placed anywhere in the bottom hole assembly (BHA), the iCWD can be commanded to switch between any of its four modes of operations – default drilling mode, Bypass, Hole Cleaning, and Isolation.
Smart electronics and sensors enable the operator to run multiple tools in the same string, spaced out as required with each controlled and activated independently into any mode, in any order through commands sent from the Agile Activation system sent from the surface.
The Agile Activation system is an intelligent system that can activate and communicate with downhole tools through variations of RPM, flow rate or pressure, in under 3 minutes.
SWiFT can also be equipped with the optional E-Log Environment Data Acquisition system to record shock, vibration and other parameters to its internal memory. The E-Log provides a cost-effective alternative to evaluate BHA behaviour, which enables the drilling engineer to optimise drilling parameters that reduce fatigue and improve penetration rate.
Having secured contracts with PETRONAS until 2025, and receiving tender for a major operator in the Middle East for the year 2019-2024, MIT Technologies aims to contribute to the economic growth of the oil and gas industry through providing top quality services for the upstream sector worldwide.
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1 CNC Manufacturing Center, Technology Park Malaysia, 57000, Bukit Jalil, Malaysia
