A United States-based oilfield technology company called Deep Well Services stepped into the United Arab Emirates with its acquisition by Enersol, a joint venture comprising ADNOC Drilling Company and Alpha Dhabi Holding.
DWS, through Enersol, will drive the development of the UAE’s conventional and unconventional energy resources. Its contribution, alongside other Enersol companies, will add the technological support necessary to deliver ADNOC Drilling’s US$1.7bn worth of contract that involves leveraging 144 unconventional wells.
Production optimisation by leveraging datasets
Established in 2008, DWS is known for its advanced technology services within the energy sector. Its patented Hydraulic Completion Units (HCU) are designed for high-pressure, long lateral, and multi-well completion operations, enabled by its data analytics software, BoreSite. The HCUs are also known for tackling workover of laterals, multi-well pads, high-pressure operations, and complex fishing programmes.
The company's other patented offering is the data acquisition system (DAS), BoreSite, which can allow operators to attain production optimisation by leveraging vast data sets into actionable insights for them. Its live feed reflects operations condition in real-time, which can be monitored and gauged remotely to make prompt corrections if required.
Blowout preventers
DWS' blowout preventers that are manufactured in the US with an API 16A & 6A certification are available in 10k and 15k pressure ratings. These, along with its range of accumulators, assures reliable well control and traceability for wellbore intervention activities.
The blowout preventers feature:
- 7 1/16 inches double & single gate options with flanged side outlets
- 7 1/16 inches flow cross with dual 2 inches and 4 inches MGVs with 3 inches and 4 inches HCR options
- Large bore shear bonnets with tandem boosters - standard SBR & low force shear rams
- 10K shaffer style annulars
Pressure management
The company's pressure management services offer a compact and mobile 5000 psi hot tap drill to release trapped pressure by exercising caution and following all safety protocols. It is equipped with the necessary tools from casing valves to drill pipes for operators to get their production back online.
The company also covers training and development, offering globally accredited programmes with a special focus on operational safety and efficiency. It also assists in automating flowback operations via a joint venture called AutoSep Technologies. Besides its vast experience across multiple basins in North America, DWS has served more than 70 E&P companies that include both small-private operators and large-cap national energy companies.
Enersol has acquired a 95% stake in DWS at approximately US$223mn, including performance-based payments, subject to necessary regulatory approvals and other customary conditions precedent. The joint venture reflects ADNOC Group's readiness to adopt advanced oilfield technologies to maintain the Middle East's relevance in today's oil and gas industry. DWS has been the venture's fourth acquisition in 2024, following agreements to take over a downhole visual analytics company called EV; acquire 51% interests in NTS Amega, a manufacturer of advanced precision equipment and solutions provider for the energy sector, and a 67% stake in US-based Gordon Technologies that offer measurement while drilling services.
These acquisition strategies aim to build a next-generation technology portfolio with the scope to expand its presence in a previously untapped yet dynamic market.
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