Drilling Specialties Co. introduces Tribex™ ERD to help operators save costs, drill longer wells

Tribex ERD, a novel solid lubricant, helps oil and gas operators gain further performance from their drilling equipment when engaged in extended reach drilling conditions. Photo credit: Drilling Specialties Company, a division of Chevron Phillips Chemical Company LP.

THE WOODLANDS, Texas--(BUSINESS WIRE)--Oct 13, 2020--

Drilling Specialties Company, a division of Chevron Phillips Chemical Company LP, introduces Tribex TM ERD, a specialized dry lubricant designed for the demanding environment oil and gas operating companies face in extended reach drilling.

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Tribex(TM) ERD, a novel solid lubricant, helps oil and gas operators gain further performance from their drilling equipment when engaged in extended reach drilling conditions. Photo credit: Drilling Specialties Company, a division of Chevron Phillips Chemical Company LP.

Tribex TM ERD, unlike most liquid or dry lubricants, can be used in oil- or water-based fluid systems. The multifunctional additive reduces static and dynamic friction and high temperature/high pressure fluid loss. Further, its proprietary formula has demonstrated an efficient sealing capacity while reducing torque variability in the wellbore.

“Extended reach laterals are an effective way to optimize wellbore output in what are often costly drilling projects,” says Ryan Pritchard, business development manager. “With Tribex TM ERD, our customers can achieve extended reach laterals with greater efficiency and tangible cost savings.”

Drilling Specialties Company has tested Tribex TM ERD across multiple U.S. basins. One such example is of an independent west Texas operator who was experiencing high downhole torque values in a highly deviated, extended reach well. The cost impacts of extended reach drilling to the operator included reductions in drilling efficiency and lateral length associated with rig limiting torque and rate of tool failure due to downhole vibration.

After introducing Tribex TM ERD as a replacement of two common liquid lubricants, field trial data showed a 67 percent reduction in lubricant needed to achieve the same performance. Tribex TM ERD improved torque values compared to both common liquid lubricants at lower cost. The operator was able to achieve an increase in drilling optimization and performance while lowering overall lubricant spend.

“Extended reach laterals are an effective way for Chevron to optimize reservoir wellbore output,” says Neil Trotter, Drilling Fluids Team Lead at Chevron, who also tested the new product. “As drilling with oil-based mud is not always an economical/environmental option, evaluating water-based mud performance is key. Recently, Chevron successfully drilled an extended reach lateral with water-based mud while trialing a new drilling fluid additive, Tribex™ ERD from the Drilling Specialties Company.”

When examining the average U.S. rig cost per day, along with rental expense of directional tools, costs can escalate substantially when drilling today’s challenging wellbore geometries. With Tribex TM ERD, operators should be able to optimize the efficiency of their drilling equipment by improving weight on bit transfer. The result is drilling greater lateral length in less time.

About Drilling Specialties Company

Industry leaders for more than 74 years, Drilling Specialties Company, a division of Chevron Phillips Chemical Company LP, manufactures and commercializes specialized products designed to deliver high performance and value. From proprietary drilling, cement and completion fluid additives, to an assortment of stimulation and EOR technologies, our high quality products help our customers improve both their drilling and production results. https://www.cpchem.com/what-we-do/solutions/drilling-specialties

About Chevron Phillips Chemical Company LP

Chevron Phillips Chemical Company LP is an indirect wholly-owned subsidiary of Chevron Phillips Chemical Company LLC, one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping and polymer resins. With approximately 5,000 employees, the LLC and its affiliates own nearly $17 billion in assets, including 31 manufacturing and research facilities in six countries. Chevron Phillips Chemical Company LLC is equally owned indirectly by Chevron Corporation and Phillips 66, and is headquartered in The Woodlands, Texas. For more information about Chevron Phillips Chemical, visit www.cpchem.com. Also, follow us on Twitter: @chevronphillips.

CONTACT: News inquiries: Nick Facchin

Chevron Phillips Chemical Company LP

Phone: 832-813-4264

Email:facchn@cpchem.com

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: CHEMICALS/PLASTICS ENERGY MANUFACTURING OIL/GAS

SOURCE: Drilling Specialties Company

Copyright Business Wire 2020.

PUB: 10/13/2020 08:00 AM/DISC: 10/13/2020 08:01 AM

Copyright Business Wire 2020.