Delphian Ballistics has designed a perforating system that is proven to increase well productivity by up to 50 per cent, with the capability to enhance fracture dynamics and maximise the profitability of ageing infrastructure.
As well as reducing environmentally-damaging levels of onshore and offshore fracking, the TriStim gun will also make depleted and uneconomic assets viable again and cut the time taken to exploit individual wells by reducing the lifecycle cost.
Collaboration agreements have now been secured with oil service companies in the UK and US who see TriStim as a differentiator, and the Delphian team has been recognised with an industry accolade.
Stuart McLeod, managing director of Delphian Ballistics, said: “Delphian has come a long way since first developing the TriStim prototype and this award is a testament to the hard work and dedication of the team as we reach this pivotal point in TriStim’s journey.
“We are well underway with the next phase of the business and are thrilled with this achievement, which comes at an exciting time and signals a new chapter in our development.
“The fact this is a technical award is great recognition of all the hard work that has been carried out to ensure TriStim is ready for deployment in the ground.”
The company has agreed production and pre-frack wells and is also at the closing stages of signing collaboration agreements with large wireline and TCP service companies in Europe and the US. Most recently, it has been in discussions with companies in the Middle East region, in Oman and Saudi Arabia.
Simon Allison, technical director of Delphian Ballistics, said: “We’re currently in phase two of the TriStim roll-out and very much ahead of the curve.
“We are delighted with the recognition this Offshore Achievement Award offers TriStim within the oil and gas industry. The accolade is second to none. As a team we have worked hard to enhance TriStim and it offers significant benefits for operators and service companies.”
In the UK, Delphian is focusing its efforts on providing North Sea offshore operators with production increases. It will also offer the US shale gas market a pre-frack solution with trials of TriStim scheduled to take place later this month.