ABERDEEN, UK – Peak Well Systems reports that its IRIS-3D technology has won the Innovation Award at the annual Energy Institute Awards (EI Awards) held in London on Nov. 10, 2016.
In its 17th year, the annual EI Awards recognize the highest level of commitment to serving society and outstanding achievements within the energy sector.
This years’ competition received great interest with over 140 entries from across 23 countries submitted across a number of categories. Peak was one of six finalists competing in the Innovation Award category.
Peak says that the IRIS-3D technology provides a high expansion mechanical support system that can applied to a wide range of possible applications. For downhole applications, it can be used to extend the performance of traditional elastomer seals and therefore enables an entirely new suite of wellbore sealing systems.
Peak says that the IRIS-3D system has already undergone extensive testing at its technology centers in Perth (Australia) and Aberdeen (UK), achieving excellent results in practical testing of system performance, reliability and debris tolerance.
Company officials added that through the addition of IRIS-3D components to Peak’s existing downhole SIM plug system, the team has been able to extend the performance of the SIM seal from 150°C and 5,000 psi up to 200°C and 10,000 psi.