IPV3 - Economy Bidirectional Barrier Valve

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Deployed by 1 company

Interventionless operation reduces Time, Cost, Risk and NPT

Page last modified
April 11 2024

Building upon the outstanding reliability and success of IPV1, the Precision Oiltools IPV3 has evolved to provide bi-directional completion isolation barrier capability using the IPV1 platform.  Utilising identical field proven sealing and patented equalising barrier valve technology whilst also incorporating the unique robust shear open reliability found in the IPV1 the IPV3 assures trouble-free intervention-less completion deployment.

As with the IPV1 the IPV3 does not require specialist offshore personnel for deployment whereby the barrier configuration is set to Operator specifications onshore. Should conditions dictate however, the barrier valve configuration may optionally be adjusted offshore if operations change prior to RIH.The IPV3 is deployed in the closed position providing a barrier for Packer Setting and Tubing Testing as well providing an in-flow completion barrier.  An integrated circulation device may be deployed with the IPV3 allowing either forward or reverse circulation whilst RIH and offers remote close options.

Pros & Limitations
1
Interventionless
1
Bidirectional Barrier
1
No debris in Well on opening
1
No wireline required
1
Saves time and cost
1
Robust and reliable
0
Operates using differential pressure
Specification
Specification Title Specification Description
Areas of Application
The IPV can seal & provide a barrier in extreme well conditions, and also in wells with high differential pressure across the barrier.
Safe operating
The IPV incorporates Precision Oiltools patented equalisation feature, before remotely opening the valve. This saves the Operator from a pressure surge during opening process which is integral to ESP completions.
Installation
Unlike other economy barrier valves, the IPV3 eliminates the need for wireline and leaves no debris in the well. 
Capabilities
The IPV3 provides a bi-directional barrier which allows operators to: Remove the BOP and nipple down the X-Mas tree | Carry our tubing pressure tests | Set the production Packer

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[9/9]

Development Technology demonstration Mature / Proven
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Established in 2004. Precision Oiltools has its foundations in producing precision manufactured parts to the oil and gas industry. Using the latest CNC manufacturing technology and quality control equipment and a highly skilled and dedicated team. Precision has an excellent reputation for high quality and reliability.

In 2013 A self-funded £3m investment and restructuring phase ensued with Precision Oiltools moving to bespoke state-of-the-art premises, retooling of the workshop facilities with enhanced machining and computerised inspection services, construction of an assembly workshop area with dual overhead cranes, and the fitment of a pressure testing facility.

Contact: +44 1224 725566
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