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May 03, 2015 12:09 PM ET

Energy Equipment and Services

Company Overview of ZEiTECS B.V.

Company Overview

ZEiTECS B.V. offers compressed gas driven and coil tubing assisted artificial lift technologies for shallow land wells and deliquifying gas wells. The company provides Shuttle, a technology that enables the rigless retrieval and redeployment of conventional electric submersible pumps through tubing by means of oil field wireline, rod, or coil tubing technology. The company is based in Rijswijk, the Netherlands with a corporate office in Houston, Texas.

Hardenburch

Lange Kleiweg 60F

Rijswijk,  2288 GD

Netherlands

Phone:

31 61 390 9668

Key Executives for ZEiTECS B.V.

Chief Executive Officer and President
Chief Financial Officer and Vice President
Chief Technology Officer and Vice President
Chief Marketing Officer and Vice President
Vice President of Engineering and Product Line Manager
Compensation as of Fiscal Year 2014.

ZEiTECS B.V. Key Developments

ZEiTECS Completes First Commercial Rigless Retrieval of Cable Deployed ESP in West Texas

ZEiTECS announced the rigless installation and retrieval of the NAUTILUS ESP, a cable-deployed electric submersible pump system (ESP), in a customer well in West Texas. The system was deployed on December 19, 2013 and ran for 139 days until planned shutdown on May 7, 2014 and then was retrieved successfully on May 9, 2014. The ESP was retrieved using ZEiTECS' unique Launch and Recovery System (LARS). LARS is a compact, rigless injector-based system that completely eliminates the need for a rig or heavy coiled tubing unit to replace failed ESPs. The NAUTILUS ESP system was deployed on a high-strength DC coaxial cable and converts DC power to AC power downhole to drive any standard inverted ESP. The system was set at 2600 ft. and retrieved in only 40 minutes using the LARS, at an average rate of 65 ft. per minute. The rigless ESP operation was completed using a 400 series Baker Hughes inverted ESP deployed inside 5.5" tubing, producing 900 barrels of fluid per day. The NAUTILUS ESP system can be used as a permanent production system, as well as a temporary well intervention system for well testing and well clean-up purposes.

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