Press Release
Release date: July 10, 2008
Cabot Specialty Fluids New BrineWise(TM) Tool Simplifies the Selection of the Most Cost-Effective Completion and Workover Brine for HPHT Oil and Gas Wells
BOSTON and ABERDEEN, Scotland, July 10 -- Cabot Specialty Fluids, Ltd., a subsidiary of Cabot Corporation (NYSE:CBT), and Gaia Consulting, of Finland today announced the availability of BrineWise(TM), a new software tool that allows oil companies to choose the most cost- effective clear brine system for the completion and workover of high-pressure high-temperature (HPHT) wells.
The two clear brines available for use in these challenging wells are based on zinc bromide or cesium formate. Each brine system has its own unique effect on the well construction economics. Cesium formate has a generally benign HSE profile and is widely acknowledged to be the premier low-risk drilling and completion fluid for HPHT well constructions.
Until the advent of BrineWise it was impossible to make a risk-factored comparative assessment of the true costs of using the two brines because of the lack of a suitable tool for making the complex calculations linking risk with cost. BrineWise analyzes all of the costs associated with the use of the brines in HPHT completion and workover operations. This includes the costs of onshore transport, shipping ship-to-shore, sub-optimal rig time, well clean-up time, waste treatment and disposal, standby time, isolation and transport of produced water from offshore, production delays, and production handover. Most importantly, BrineWise allows the cost of HSE risks to be estimated in a systematic and consistent manner using input based on the individual oil companies' experience and risk aversion policies.
Using eight predefined risk scenarios the BrineWise program sets a price tag on each possible outcome, including health and safety costs originating from employees and the public, environmental liabilities and legal consequences. The costs for the different scenarios are automatically calculated to give a comparative cost picture for informed management decision-making.
This unique software program, developed by Gaia Consulting, on behalf of Cabot Specialty Fluids, is flexible, easy to learn, easy to use and can be tailored to any operation.
"As the oil companies look for increased cost-efficiency and lower risk exposure in challenging HPHT well completion and workover projects, BrineWise can eliminate many of the unknowns. BrineWise provides timely, comprehensive analysis data that can lead to better, more informed brine purchasing decisions," said Malcolm Cook, Cabot Specialty Fluids.
To learn more about BrineWise(TM), or view a demo, send an e-mail to brinewise@cabot-corp.com.
About Cabot
Cabot Specialty Fluids, Ltd. (CSF) is a subsidiary of Cabot Corporation. Founded in 1882 and headquartered in Boston, Massachusetts, Cabot Corporation is a global performance materials company with 2007 sales of $2.6 billion. Along with cesium formate drilling fluids, Cabot's major products are carbon black, fumed metal oxides, inkjet colorants, and capacitor materials. The website address is www.cabot-corp.com.
About Gaia Consulting
Gaia Consulting is a leading partner for corporations, international organizations, and private and public institutions looking for innovative solutions for sustainability. Gaia is based in Finland and Switzerland, but collaborates with clients all around the world through its network of professionals and partners. Gaia provides targeted, innovative and practical solutions for chemical management. Gaia's work with hazardous materials covers information and interpretation of new legislative requirements, risk management and assessment, major accident and substance hazard evaluations as well as HSE (Health, Safety and Environment) cost-benefit evaluation tools. The website address is www.gaia.fi
Contacts:
Sales:
John Downs Technical Sales Director
INTL
Phone: 44-1673-838723
 E-mail this person
General Information:
Karen Morrissey Vice President Corporate Affairs
USA
Phone: 617-342-6221
E-mail this person
Company Information:
Name: Cabot Corp.
Address: 75 State St.
City: Boston
State: MA
ZIP: 02109
Country: USA
Phone: 617-345-0100
FAX: 617-342-6103
http://www.cabot-corp.com/
|
|
|
Advertisement
|
|
| Related Stories: | | Oct 2, 2008 | DAQ Software monitors and analyzes precision measurements. |
| Oct 2, 2008 | Software optimizes SOA and Web applications. |
| Oct 2, 2008 | Software promotes GRC program maturity and optimization. |
| Sep 30, 2008 | Software performs high throughput/content screening analysis. |
| Sep 30, 2008 | EDA Software offers mixed signal implementation solution. |
| Sep 30, 2008 | Enterprise PLM Software streamlines decision making. |
| Sep 30, 2008 | Software provides 3D factory simulation. |
| Sep 30, 2008 | Software facilitates data acquisition and analysis. |
| Sep 26, 2008 | Software manages, analyzes, and reports test data. |
| Sep 25, 2008 | Software offers vibration analysis and reporting solution. |
| Sep 25, 2008 | Software automates asset and patient tracking. |
| Sep 24, 2008 | Software helps casualty insurers model risk. |
| Sep 19, 2008 | Software accesses Hyperion Financial Management in real-time. |
| Sep 16, 2008 | Software provides data center power usage information. |
| Sep 12, 2008 | Software analyzes transaction processing against KPIs. |
| Sep 12, 2008 | Software helps users make informed decisions. |
| Sep 11, 2008 | Planning Software helps manage complex drilling operations. |
| Sep 9, 2008 | Software integrates video analytics tools. |
| Sep 9, 2008 | Software promotes time-series analysis performance, agility, |
| Sep 5, 2008 | Software simulates large mode area and highly doped fibers. |
| |
|
| Other News from this company: | | Sep 17, 2007 |
Cabot Announces Increase in Share Repurchase Program
|
| Jul 19, 2007 |
Cabot Corporation Announces Expansion of Carbon Black Facility in Tianjin, China
|
| Apr 27, 2007 |
Cabot NanogelŪ Aerogel and ACRALIGHT International SkylightsŪ Introduce New High-Energy Performance Commercial and Residential Unit Skylights
|
| Aug 18, 2006 |
Cabot Corporation Announces Start-Up of New Carbon Black Facility in Tianjin, China
|
| Aug 16, 2006 |
Cabot Corporation Announces Completion and Start-Up of First World Class Fumed Silica New Facility in Jiangxi Province, China
|
| Jun 02, 2006 |
Cabot Aerogel and Wasco Products, Inc. Introduce Two New Commercial Unit Skylight Products
|
| May 01, 2006 |
Cabot NanogelŪ Aerogel Ushers in a New Era of Nanotechnology Insulation for the Oil and Gas Industry
|
| Jan 12, 2006 |
Cabot NanogelŪ Aerogel Now Available in Duo-Gard Industries' New Multi-Wall Polycarbonate Daylighting Systems
|
|
|
|
![[Get Copyright Permissions]](http://license.icopyright.net/images/icopy-w.gif){kind=small}
