ExxonMobil Corporation (NYSE:XOM) announced the licensing of its award-winning Multi-Zone Stimulation Technology (MZST) well treatment process to Canyon Technical Services Ltd. of Calgary, Alberta, Canada.
The MZST process can be used to rapidly and reliably stimulate multiple reservoir zones in a single operation, yielding improved well economics. The MZST process was developed by ExxonMobil Upstream Research Company in Houston, Texas and was recognized with Platts Global Energy Award for Most Innovative Commercial Technology in 2005.
The MZST process can be particularly beneficial for fracturing operations in tight gas, shale gas and coal bed methane wells that target multiple reservoir zones, thick reservoir sections, or long reservoir intervals where multiple stimulation treatments are required.
The MZST process will enable Canyon Technical Services to optimize its stimulation operations by combining the deployment of perforating and fracturing equipment simultaneously in the wellbore to enable single-trip, multi-zone stimulations. This proprietary technology dramatically increases the number of zones that can be fractured per day compared to conventional fracturing and stimulation operations.
Canyon Technical Services provides leading edge well stimulation and cementing technology to customers in Canada.
“ExxonMobil’s MZST process continues to be the preferred technology for rapidly moving from drilled well to completed production well in unconventional plays,” said ExxonMobil Upstream Research Company President Sara Ortwein.
Joe Peskunowicz, Canyon’s Executive Vice President, Corporate, said, “Our customers have been searching for a cost-effective solution to stimulating wells that have multiple intervals and now we have the ideal technology in ExxonMobil’s MZST process to meet those requirements.”