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Product Overview
Overview
Tomax has a development focus on technology for preventing drilling vibrations and stick-slip. The work was initially funded by the two largest offshore operators in Norway at the time.
Based on the success of the resulting Anti Stick-slip Tool (AST), Tomax has expanded its business to make the product available for rental from a number of major oil field hubs around the world.
Currently, over 15,000,000 ft drilled with the Tomax AST and on 80+ rigs worldwide with 60+ in the Permian. Tomax has won several international awards for its innovative products as well as for its entrepreneurial qualities and business expansion including the World Oil Award for Technology on 2018.
Business Model
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Technology Innovations
Bringing downhole automation to the drilling industry through a self-regulating downhole tool.
Verified mathematical model performed by two independent Universities, Eindhoven and Minnesota. Published in SPE journal showing effectiveness of tool. SPE paper 194487-PA
Applications
The tool is totally mechanical and mitigates both torsional and axial vibrations whether bit or under reamer induced by automatically controlling the WOB/TOB allowing for self-regulating and a smoother DOC by means of the internal patented helical spline resulting in continuous rotation at the bit reducing friction therefore resulting in an increase in ROP.
- The AST algorithm optimizes the PDC vs. Rock interaction.
- Reaction time-The AST tool responds to torque spikes in 20 milliseconds.
- The Tomax AST improves bit efficiency, prevents destructive vibrations, increases ROP and over all increases drilling efficiency and reduces drilling costs.