Petroleum Technology Company (PTC), established in Norway in 2002, has come up with a replacement for the traditional dumb iron dummy valve -the 'intelligent dummy'. The outcome of a direct request from Statoil to PTC founding director Tom Norland, the intelligent dummy addresses the requirement to pull and replace dummy valves from new wells when they are being prepared for production, which typically incurs 24 hours rig time, costing up to ? million every time a new well is drilled or an existing well recompleted.
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