Peak further invests in Aberdeen Technology Centre to support manufacture of new SIMULTRA range 16 Dec 2015

Peak Well Systems, a leading specialist in the design and development of advanced downhole tools for well intervention, has announced it has made a further investment in its Aberdeen Technology Centre in support of ongoing R&D and commercialisation of its newly launched SIMULTRA range – a new generation of flow control products suitable for gas wells and other extremely challenging applications.

As part of a multi-million pound investment in the Aberdeen Technology Centre to date, the centre is now equipped with new state-of-the-art computer numerical controlled (CNC) lathes and milling machines. Peak also invested in the latest coordinate measuring machines (CMM).

The new machinery, commenced operation this week, and is dedicated to the manufacture of Peak’s new MetaPlex seal technology - a unique hybrid metal-elastomer seal and a key component of its recently launched SIMULTRA Retrievable Bridge Plugs.

This investment will uphold the company's reputation for short lead times and provide production flexibility to all its customers with strategically placed manufacturing centres throughout Asia and the North Sea.

Paul Glew, Chief Financial Officer at Peak Well Systems, said: “This substantial investment made in challenging times is a significant event and highlights Peak’s commitment to pursuing product portfolio expansion as well as continuing to provide the customer with the shortest of lead times and the highest of product quality.”

SIMULTRA is part of Peak’s new generation of flow control products – a range of ISO-14310 V0 certified downhole sealing systems proven to meet the extremes of high performance, high pressure, high temperature and gas wells.

SIMULTRA Retrievable Bridge Plugs are currently available for industry standard tubulars in 4-1/2” and 5-1/2” casing sizes with a 7” option expected to complete testing in Q1 2016. View Motion Graphic