BOSTON and ABERDEEN, Scotland, July 10 /PRNewswire-FirstCall/ -- Cabot
Specialty Fluids, Ltd., a subsidiary of Cabot Corporation (NYSE: CBT), and
Gaia Consulting, of Finland today announced the availability of BrineWise(TM),
a new software tool that allows oil companies to choose the most cost-
effective clear brine system for the completion and workover of high-pressure
high-temperature (HPHT) wells.
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The two clear brines available for use in these challenging wells are
based on zinc bromide or cesium formate. Each brine system has its own unique
effect on the well construction economics. Cesium formate has a generally
benign HSE profile and is widely acknowledged to be the premier low-risk
drilling and completion fluid for HPHT well constructions.
Until the advent of BrineWise it was impossible to make a risk-factored
comparative assessment of the true costs of using the two brines because of
the lack of a suitable tool for making the complex calculations linking risk
with cost. BrineWise analyzes all of the costs associated with the use of the
brines in HPHT completion and workover operations. This includes the costs of
onshore transport, shipping ship-to-shore, sub-optimal rig time, well clean-up
time, waste treatment and disposal, standby time, isolation and transport of
produced water from offshore, production delays, and production handover. Most
importantly, BrineWise allows the cost of HSE risks to be estimated in a
systematic and consistent manner using input based on the individual oil
companies' experience and risk aversion policies.
Using eight predefined risk scenarios the BrineWise program sets a price
tag on each possible outcome, including health and safety costs originating
from employees and the public, environmental liabilities and legal
consequences. The costs for the different scenarios are automatically
calculated to give a comparative cost picture for informed management
decision-making.
This unique software program, developed by Gaia Consulting, on behalf of
Cabot Specialty Fluids, is flexible, easy to learn, easy to use and can be
tailored to any operation.
'As the oil companies look for increased cost-efficiency and lower risk
exposure in challenging HPHT well completion and workover projects, BrineWise
can eliminate many of the unknowns. BrineWise provides timely, comprehensive
analysis data that can lead to better, more informed brine purchasing
decisions,' said Malcolm Cook, Cabot Specialty Fluids.
To learn more about BrineWise(TM), or view a demo, send an e-mail to
brinewise@cabot-corp.com.
About Cabot
Cabot Specialty Fluids, Ltd. (CSF) is a subsidiary of Cabot Corporation.
Founded in 1882 and headquartered in Boston, Massachusetts, Cabot Corporation
is a global performance materials company with 2007 sales of $2.6 billion.
Along with cesium formate drilling fluids, Cabot's major products are carbon
black, fumed metal oxides, inkjet colorants, and capacitor materials. The
website address is www.cabot-corp.com.
About Gaia Consulting
Gaia Consulting is a leading partner for corporations, international
organizations, and private and public institutions looking for innovative
solutions for sustainability. Gaia is based in Finland and Switzerland, but
collaborates with clients all around the world through its network of
professionals and partners. Gaia provides targeted, innovative and practical
solutions for chemical management. Gaia's work with hazardous materials covers
information and interpretation of new legislative requirements, risk
management and assessment, major accident and substance hazard evaluations as
well as HSE (Health, Safety and Environment) cost-benefit evaluation tools.
The website address is www.gaia.fi
SOURCE Cabot Specialty Fluids, Ltd.
