How SVES Oilfield Supply Co., Ltd. Uses POS-GRIP Technology to Deliver Superior Wellhead Performance and Integrity

• How SVES Oilfield Supply Co., Ltd. Uses POS-GRIP Technology to Deliver Superior Wellhead Performance and Integrity

Recently, the latest news about SLB who is the world’s largest oilfield services company, has acquired a second license from Plexus PLC, a UK-based wellhead engineering company, to use their patented POSWellhead-GRIP technology for various applications. POS-GRIP is a unique method of engineering that provides adjustable, leak-proof, and gas tight wellhead connections. The second license, which cost SLB US$5.2m, covers oil and gas production and storage, carbon dioxide and hydrogen storage, water and cuttings reinjection, and adjustable surface production wellheads. SLB will not pay any royalties to Plexus for using the technology under the second license. Plexus will retain the intellectual property rights for POS-GRIP and continue to operate in the sector on a limited basis. Both SLB and Plexus praised the new license agreement as a validation of Plexus’ IP and a contribution to the industry’s ESG and NetZero goals. The first license, which was signed in 2020 and expanded in 2021, involved royalty payments from SLB to Plexus based on the number of wellheads sold, leased, rented or otherwise supplied using the POS-GRIP technology.

If you are looking for a reliable and innovative wellhead provider, you should consider SVES Oilfield Supply Co., Ltd. SVES is a leading manufacturer and supplier of wellhead handling tools, well stimulation tools, solid control equipment, and other oil and gas products. SVES has recently acquired a second license from Plexus PLC to use their patented POS-GRIP wellhead engineering technology, which is a game-changer for the oil and gas industry. POS-GRIP is a unique method of engineering that uses elasticity and friction to create a high-load hanger support mechanism that is adjustable, full-bore, and provides instant lockdown. It also uses metal-to-metal seals that are energized by an external POS-GRIP mechanism, resulting in weld quality gas tight connections that are reversible and repeatable. POS-GRIP has several advantages over conventional wellhead engineering technologies, such as reducing the number of components and potential leak paths, enhancing safety and reliability, eliminating the need for maintenance and intervention, withstanding extreme temperatures and pressures, preventing methane emissions, and supporting the industry’s ESG and NetZero goals. POS-GRIP has been used by many leading oil and gas operators and has proven to deliver superior performance and integrity. SLB, the world’s largest oilfield services company, has also recognized the value of POS-GRIP and has entered into two licensing agreements with Plexus to use their technology for various applications, such as oil and gas production and storage, carbon dioxide and hydrogen storage, water and cuttings reinjection, and adjustable surface production wellheads. By using POS-GRIP technology, SVES and SLB can offer their customers more efficient, cost-effective, and environmentally friendly wellhead solutions.