Technology Update

FOR IMMEDIATE RELEASE: Oct 2020 CRA-Tubulars today announces development milestones (AMSTERDAM, NL)

 With prototype testing beating expectations this spring, CRA has successfully secured €800,000 of funding.

This funding was accomplished by matching funds with the Dutch government that sees great opportunity in the Carbon Fiber Spoolable Tubing.

The funds will be used to build a one-of-a-kind testing facility in the Netherlands to allow specific testing of CFST and enable trial project certification.

Currently, Saudi Aramco and ADNOC established a Joint Industry project to write a standard for Non-Metallic downhole tubulars. 

CRA has had in-depth discussions about the CFST technology, regarding a fast track qualification based on a temporary test protocol. Major producers in MENA, SEA, and the USA are considering evaluating CFST, which affords the opportunity for multiple (trial) field applications.

CRA-Tubulars CFST is being considered for hostile applications like Saltwater Disposal (SWD), Corrosive Producers (H2S), and Carbon Capture and Storage (CCS) wells.

Emile Burnaby Lautier, CRA-Tubulars -Founder & CEO “We have had meetings with OCTG experts from around the world, the common theme is we must come up with a Non-Metallic tubular that can perform like steel but is inert to corrosion. The largest E&P companies are dedicating teams and resources to find Non-Metallic alternatives. They have been successful in line-pipe, jumpers, and risers however till now there has been no tubular robust enough to go downhole, at any reasonable depth or temperature, until CFST.” [email protected]   

Roderick Van Seventer, CRA-Tubulars -CFO “It is all about cash flow and maximizing investment. If a well is down due to corrosion/integrity issues, this has a financial impact to a company on many fronts; repair costs, delay to the revenue stream, and HSE risks. The longer an asset can produce without intervention the better to your bottom line. A wiser capital investment up will reward a company with steady profits and safeguarding personnel.” [email protected]

Features and benefits of CRA CFST include.

? Proposed Range of Sizes: (2-3/8) (2-7/8) (3-?) (4 ?”)

? Single Piece Construction minimizing leak paths (Top and Bottom Conventional Connections)

? Spoolable deployment with hydraulic workover unit, no rig required. Rig deployment is possible however

? Temperature ratings to 350F

? Burst ratings to 18,000 PSI

? Axial Tensile rating to 250,000 lbs. pull.

? Designed for +20yr. field performance

? Titanium lined for ultimate corrosion resistance and permeation resistance.

? CFST conforms to API 5 CT 

CRA-tubulars is currently seeking trial partners for first field installations, at comparable pricing to Chrome 13 tubing, but surpassing its non-corrosive properties. CRA-Tubulars is also in discussion with investors interested in manufacturing facilities.

Contact us for a prospectus [email protected], visit https://www.cra-tubulars.com/