Paul Hewitt, President of the Americas, with the team from Houston cutting the ribbon to open the new facility (photo: Tracerco)
Technology company Tracerco, part of the FTSE 100 Johnson Matthey Plc, has completed a major USD 5 million upgrade of their facilities in Houston in order to better serve customers. The new facilities include an environmentally controlled subsea simulation tank to prepare their unique and patented subsea diagnostic technologies prior to mobilisation offshore. In addition, they have expanded and upgraded their reservoir tracer laboratory in order to process greater sample numbers that provide critical reservoir flow information for well testing, hydraulic frac, and secondary recovery applications.
The upgrade, expanding their footprint by 25,000 square feet, has been custom designed to meet present and future business needs. The subsea simulation facility allows for extensive pre-job trials and qualification testing of their Discovery™ and recently developed Explorer™ technologies in replicated subsea conditions to verify their technologies can detect a specific defect or flow assurance issue. The expanded reservoir tracer laboratory has allowed the installation of more sensitive instrumentation to enhance data interpretation and provide a five-fold increase in sample analysis capability allowing more rapid turnaround of results. The information generated assists customers with critical reservoir management decisions to maximise reservoir extraction efficiencies.
Vince Atma Row, Upstream Commercial Director for Tracerco comments, “We are committed to providing our customers in the Gulf of Mexico and beyond with the best possible service, and so investment in appropriate facilities in the region is a crucial part of our strategy. Although the market conditions are challenging at this time, Tracerco’s innovative technologies create value for our customers, as they offer cost effective alternatives to traditional methods of gaining critical data, allowing overall lift costs to be reduced. Even in a depressed market, there are still exciting opportunities for us to grow our offering and services as we strive to solve our customers’ measurement challenges with innovative thinking, and service excellence.”