Halliburton acquires WellSense's advanced intervention solution

In a first divestment development for FrontRow Energy Technology Group, its subsidiary, WellSense, a rapid fibre-optic well diagnostics provider, has sold FiberLine Intervention licence to oilfield services company, Halliburton

The agreement terms secure a global licence for Halliburton to deploy WellSense FiberLine Intervention (Fli) technology for use in well stimulation monitoring.

A FrontRow Energy Technology Group company, WellSense, will continue to deploy the technology globally for all other oil and gas applications, including well plug and abandonment (P&A), well integrity and leak detection, as well as carbon capture, utilisation and storage (CCUS).

Annabel Green, CEO of WellSense, said, “The successful completion of this deal is a defining moment for WellSense and for our parent company, FrontRow Energy Technology Group. Not only is it a strong industry endorsement of our technology and the value it delivers, but also our business model of bringing new and innovative solutions to market.

“Our unique bare fibre dynamic despooling technology delivers superior data quality for a detailed subsurface understanding. Unlike other well monitoring techniques it provides a lightweight offline intervention solution with disposable probes for significant efficiency savings and reduced risk.

“Meeting the complex challenges of upstream oil and gas requires the adoption of technologies that fundamentally improve how the industry operates. This agreement is the result of a decade of focused innovation, collaboration and delivery and I would like to extend my sincere thanks to all our employees, past and present, whose dedication has built the strong foundation that made this success possible.”

Steve Kent, CEO of FrontRow, said,“This deal is a major milestone for FrontRow and is a clear example of how UK-born innovation can solve industry challenges and attract global attention.

“This is FrontRow’s first commercial licence sale and a landmark in our journey. It demonstrates that innovation, when nurtured with the right expertise and support, can deliver technical success as well as real commercial value.”