Coil Tubing Technology Inc. (CTBG)

Overview

Coil Tubing Technology, Inc. is a specialized entity dedicated to innovating and delivering advanced technical solutions and tools for the hydrocarbon exploration and production sectors globally. With a keen focus on leveraging coil tubing and jointed pipe technologies within the bottom hole assembly, the company not only develops but also markets and provides rental services for its exclusive range of tools. Established in 1999 and operating from its headquarters in Houston, Texas, Coil Tubing Technology, Inc. caters to a broad spectrum of needs in the petroleum industry, aiming to enhance efficiency and effectiveness in various operations worldwide.

Products and Services

The portfolio of Coil Tubing Technology, Inc. encompasses a wide array of products designed for meticulous tasks in oilfield operations, including:

• Jar Accelerator: Enhances the impact of jarring operations by providing additional acceleration, thereby improving the efficiency of stuck pipe or tool recovery.
• Extended Reach: This tool facilitates increased reachability in horizontal wells, allowing operations to extend further into the wellbore than traditionally achievable.
• Bi-directional Jar: A versatile jarring tool that can deliver impacts both upward and downward, making it vital for dislodging obstructions in the wellbore.
• Jet Hammer: Employs high-velocity jets to drive downhole hammers, thereby assisting in the penetration of hard rock formations during drilling or cleanout operations.
• Jet Motor: Utilizes fluid power to drive downhole motors for drilling, milling, or cleanout operations, enhancing efficiency in operations that require rotational movement.
• Spinning Wash: Designed for wellbore cleanout, this tool spins to distribute washing fluids more evenly, effectively removing debris and build-up.
• Bumper Sub: Provides a cushioning effect in the drill string, allowing for controlled impacts that are essential for freeing stuck pipe or tools.
• Vibrational Agitation: Employs vibrations to aid in the loosening and removal of debris or to assist in the insertion of tools or pipe in sticky situations.
• Indexing Tools: These are specialized tools designed for precise positioning and manipulation of tools or other objects within the wellbore, improving accuracy and efficiency in operations.

These products find their primary applications in a variety of critical operations, including thru-tubing fishing, workover, and intervention, as well as pipeline cleanouts and coil tubing lateral drillouts, among others.