What is CTD? New Technology?

Q: Why do they target CTD? What is CTD? New drilling technology?

A: Coiled Tubing drilling is a drilling technique patented since the 50s. Like some of the technologies of their time, it didn’t expand until early 90s in Alaska. So as a drilling technique, it is not a new tech, however, Coiled tubing equipment, tools, surface handling package, processes… all these elements are experiencing lots of innovations nowadays.

Now to answer your question, Why customers are selecting candidates to drill using CTD. To answer that we need to set the ground that CTD is mostly a re-entry drilling technique. Re-entry can be applied to old wells, but also lately to new wells.