WellDynamics

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WellDynamics Inc.
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 1986)
Headquarters Spring, Texas, USA
Key people
Derek Mathieson, President and CEO
Larry Kinch, Chairman of PES International Ltd
Products Intelligent well completion technology
Number of 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[edit]

On July 1, 2008, Halliburton acquired 100% of the stake in WellDynamics, Inc from Shell Technology Ventures.

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