Media Release: Deep Casing Tools to launch new, well reaming system at offshore technology conference

Innovative Turborunner™ assists PetroCanada UK in landing completion from Semi Submersible 

ABERDEEN, UK, 30th April 2010

DEEP Casing Tools, the Aberdeen based company whose innovative technology delivers major benefits in the construction of Oil and Gas wells is officially launching the Turborunner™ well reaming  system at OTC in Houston next week after successfully running the system’s first application in the central North Sea, UK.

Having experienced placement challenges in previous wells, PetroCanada selected the Turborunner for a horizontal application in the Saxon development well, 21/23b-S2, and achieved successful placement of a 3,000 ft pre-drilled liner from a Semi Submersible.

The new Turborunner™ tool, is specifically designed to enable completion engineers to successfully achieve open hole completion placement operations and combines optimized washing with a rotational reaming capability without the need to rotate the completion string. The Turborunner’s very low operating pressure allows for integration with most completion systems and assists in the first time placement of the liner/completion on target depth.

Senior drilling engineer for PetroCanada UK, Steve Salter, commented; “We felt the tool gave us an operational advantage with little or no operational risk and were happy with the performance it provided.”

Mark Presslie – sales manager for Deep Casing Tools said: “Credit must go to the onboard Drilling Team for overcoming what proved to be a significant challenge due to hole instability and also running the tool to Depth from a Semi Submersible. Confidence in the Turborunner™ from PetroCanada’s wells delivery team is extremely encouraging and represents an important step towards the uptake of this new technology in challenging well scenarios.

“We look forward to showing the system at OTC along with our full range of precision engineered deep well casing and completion tools including the Turboblade™ casing centralizer and the Turbocaser™ case reaming system.”

NOTES TO EDITORS

For further information contact:

Lance Davis, CEO, Deep Casing Tools Tel: + 44 1224 572070

About Deep Casing Tools

Deep Casing Tools will be at Offshore Technology Conference 2010, in Houston, Texas from May 3-6, exhibiting within the Scottish Pavilion, Booth 2363-3 and showing its range of precision made casing and completion tools.

Aberdeen-headquartered Deep Casing Tools develops leading-edge casing and completion technology to enhance casing and liner activities, cementing, and first time placement of completions. Deep Casing Tools is expanding its international network and has developed a portfolio of new high quality products for deep well construction and completion scenarios.

Deep Casing Tools is an award winning company backed by venture capital from Scottish Equity Partners and Energy Ventures III LP and is pursuing an ambitious global growth and development strategy.

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Contact: Lance Davis
Phone: + 44 1224 572070
Email: sales@deepcasingtools.com
Website: http://www.deepcasingtools.com