OREANDA-NEWS. Integra Group (LSE: INTE) a leading Russian oilfield service provider, is pleased to announce that today it has broadened its service offering by entering the coiled tubing workover tools market.

Integra has purchased new coil tubing equipment, (MK20T), from FIDMASH (division of National Oilwell Varco). The first unit has been successfully tested at the Yuzhno-Priobskoe field operated by Gazpromneft-Khantos. Industrial use of the coiled tubing technology will commence following receipt of the necessary approvals from Rostekhnadzor. Coiled tubing services will form a part of Integra’s oil field services division and will be based in Surgut.

Coiled tubing is one of the most technologically advanced methods used in workover operations. Coiled tubing technology refers to flush-joint pipe or continuous pipe that can be wound on a spool, giving significant logistical benefits. In particular, coiled tubing is used in order to enhance recovery, especially from mature fields. In addition, coiled tubing can be used for oil & gas remediation.

Coiled tubing is considerably more cost effective than conventional workover methods due to the fact that it allows to perform workover on draw down (without killing of well) and has the benefit of rapid deployment capabilities reducing rig uptime and also allowing greater environmental safety for the project in hand.

Commenting on the broadening of the oil field services offering, Mark Sadykhov, Executive Vice President of Integra Group said:

“Extension of our oil field service offering into coiled tubing is directly in line with our growth strategy as an innovative service provider. The potential for increasing traditional workover technologies has been exhausted to a large extent, therefore we are shifting towards pioneering technologies, which have already proved their efficiency in OFS industry worldwide.

“We estimate that the demand for coiled tubing operations will increase in the next few years driven by natural production declines at the majority of the fields. Undoubtedly, we will strive to increase our market share in this segment.”