ExxonMobil announces research plan for new technologies

HOUSTON, Jan. 16 (Xinhua) -- ExxonMobil Upstream Research Company announced Tuesday a three-year joint development plan with MagnaBond to develop new technologies that could enhance cost-effective evaluation of well cementing, casing and tubing.

The new collaboration combines ExxonMobil's expertise in developing a wide-range inspection technologies and tools with Houston-based MagnaBond's strengths in technology transfer and supply chain design from other industries.

Current evaluation technology cannot adequately characterize cement quality through multiple strings of casing. A well's production tubing must be pulled in order to inspect the cement, resulting in additional time and expense for decommissioning activities.

ExxonMobil and MagnaBond will work toward developing technology that allows for through-tubing cement evaluation prior to the arrival of a costly rig or workover unit.

Exxon Mobil Corporation is an American multinational oil and gas corporation headquartered in Irving, Texas. It is also the largest publicly traded international oil and gas company, and one of the world's largest integrated refiners, marketers of petroleum products and chemical manufacturers.

ExxonMobil often collaborates with other companies and academic institutions around the world to research and develop new technologies. Enditem