Commercial deployment milestone
Published: 23 October, 2024
BiSN, a global provider of innovative wel-lok sealing solutions, has announced it has achieved a significant milestone by reaching 500 commercial deployments of its industry-leading, bismuth-based sealing technology.
The company says demand from operators continues to grow in 2024 with another record setting year in terms of deployments and global growth. It took more than a decade for the first 100 deployments but less than a year for the last 100. BiSN’s wel-lok technology has now been deployed into all major energy-producing regions, including sites in North America, South America, UK & Europe, Africa, the Middle East, Asia, and Australia.
“With another year-on-year record of deployments, major operators around the globe are realizing how effective wel-lok technology is for applications throughout the life cycle of a well, in addition to new industries,” said Paul Carragher, Founder and CEO of BiSN. “This year we have seen the first deployments in gas storage and carbon capture projects signalling new areas of growth and interest in our technology.”
BiSN says a major component of its commercial success is its focus on global expansion. In the past 12 months, BiSN has opened new facilities in Perth, Australia and Macáe, Brazil, alongside a new research centre in Stavanger, Norway and an operations base in Aberdeen, Scotland.
“It is critical for BiSN to be where our clients are,” added Arild Stein, Senior Vice President of Research and Development. “The expansion strategy allows for the development of successful and lasting partnerships with operators, and to expand into new industries where our engineered sealing technology can be transformative.”
BiSN says it continues to refine and develop wel-lok technology for well intervention, completion, and plug and abandonment applications alongside new applications, such as gas storage, hydrogen and carbon capture. BiSN is committed to developing these applications further in partnership with operators and providers to prioritize permanent sealing and lower emissions through operational efficiency.
“Bismuth as a sealing material is particularly suited for the highly corrosive environment in CCS and gas storage projects,” added Stein “Bismuth alloy is impermeable and non-corrosive. We are very excited for this new growth area for BiSN and how it will enable the success of large-scale storage projects.”
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