new projects with
Equinor and Aker BP
09 June 2021
Fishbones has announced 2 major contract updates, which signal the development of its strong relationships with major global oil and gas operators Equinor and Aker BP.
The contracts for Fishbones services and products build on the proven success of Fishbones Drilling systems in previous projects for the operators. This is testament to the innovative stimulation technology which has boosted production whilst cutting time and risk.
Equinor commented on the positive outcomes of its project with Fishbones in 2019, praising the Fishbones Drilling System as “a new and revolutionary solution to the challenge in this extremely low permeability reservoir”. Aker BP also recognised the role of the Fishbones Drilling system on one of their wells in analluvial fan formation as having “improved productivity and contributed to the success of the well’.
The systems are set to be installed for both operators in their respective offshore Norway fields in Q3 2021. Fishbones CEO, Eirik Renli heralded the agreements as a positive step in the continued development of Fishbones’ valued relationship with these major operators.
He said, “We are delighted that both Equinor and Aker BP have decided to build upon the success of previous projects with the Fishbones team and technology. There is no greater reward than the continued support of our customers through new contracts and opportunities to demonstrate the potential of Fishbones multi-lateral stimulation systems.”
“We look forward to implementing these projects to help our partners, who also are majority shareholders in Fishbones AS, reach their production goals whilst reducing their emissions, time and risks associated with hydraulic fracturing.”
These contracts mark an exciting and productive period for the Fishbones team who are striving to boost well production and encourage operators to think laterally about their approach to stimulation. Further potential contracts, the expansion of the team across the world, and work taking place towards research papers later this year signal the intent and direction of the leading provider of alternative reservoir stimulation technology.