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Paradigm's ParaSet & ParaPunch Tools

Paradigm and Kaseum tie up on well intervention

AMSTERDAM, November 24, 2020

Netherlands-based Paradigm Technology Services and UK Aberdeen-based Kaseum Technology have tied up to bring a product line of electro-mechanical downhole tools onto Slick-E-Line resulting in a market-leading intervention offer.
 
The product line offers two unique tools; ParaSet a unique non explosive electro-mechanical downhole setting tool, capable of delivering up to 90,000 lbs of linear force which can be used to set, or un-set, plugs and packers in a wide range of tubing and casing sizes. 
 
Also, ParaPunch; a modular nonexplosive hole punching tool combinable with ParaSet and can be configured to punch single or multiple, oriented holes in a single run. All tools can be accurately placed on depth with real time surface readout from the Slick-E-Line System then activated on demand via Paradigms ParaOffice acquisition software.
 
Jamie Miller, Global Business Development Manager, Paradigm, explains: “The ParaSet and ParaPunch product lines are already extremely popular within our existing and potential client base. They offer a cost-effective way of utilising our intervention technologies Slick-E-Line as a vehicle for Kaseum technologies. We are essentially engineering out time and cost by combining our technologies for our clients.”
 
Paul Church, Managing Director of Kaseum comments: “This alliance of Kaseum’s innovative downhole tools and Paradigm’s unique Slick-E-Line conveyance system offers our clients a new way to intervene in their wells. With Slick-E-Line integration we now have the ability to correlate, command and control our products in real time with the added operational, environmental and safety advantages of slickline deployment.”
 
Miller concludes: “This alliance amplifies our companies’ core service offerings to deliver sustainable solutions at a total lower cost of operations. We are not afraid to invest in smart R&D to ensure we are delivering the best possible solutions for our customers.” -- Tradearabia News Service
 
 



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