Connecting downhole to the future

CONTROL OF HOLES: Reelwell is specialized into drill pipes. (Photo: Reelwell)

Reelwell was established in 2004 by Ola M. Vestavik with an ambition to develop a new type of drill pipe to solve hole cleaning and weight-on-bit control for coiled tubing applications.

The Reelwell Drilling Method (RDM) concept was born. RDM employs revolutionary technology that utilizes accurate pressure management and superior well control through the use of closed loop fluid circulation. RDM pushes the limits of what was previously thought possible by the wider drilling industry.

Using a Dual Drill String, with a separate inner pipe for the return fluid from the well, RDM provides excellent hole cleaning, enabling drilling beyond the conventional limitations and increasing the overall efficiency of drilling operations.

Funded by StatoilHydro, Shell and the Research Council of Norway, a joint industry project to verify the method was conducted from 2005 – 2008.

Empowered by Validé:
• Incubator company
• Business development from Terje Handeland
• Investment from Validé AS (Ipark AS), and one of Validé´s top10 exits.