We do this by informing them of the conditions along the entire wellbore in real-time through the deployment of high-bandwidth, low-complexity acoustic telemetry solutions. XACT is an organization guided top-to-bottom by our principles, not least of which is an unwavering commitment to the safety of both your personnel as well as our own.
To be the industry-recognized leader in providing real-time, downhole data in challenging well construction environments.
XACT reduces risk and improves efficiency for oil & gas operators, by enabling them to solve their most complex well construction problems. Through the deployment of our proprietary Acoustic Telemetry Network, we enhance understanding of the conditions along the entire well bore in almost any operating environment, in real time.
As an organization we’re committed to the delivery of high-quality services by our skilled and experienced team, with the safety of our employees and those around us always coming first.
XACT was initially founded as a joint venture between Shell Technology Ventures and Extreme Engineering, before being established as an independent entity focused on the commercial deployment of acoustic telemetry solutions.
Our Acoustic Telemetry Network has been proven effective in over 250 wells spanning diverse applications, including horizontal drilling, completions, cementing, and more. In 2011 we pivoted to expand our focus on complex well construction environments to include completions, offshore, and other operating environments. Since our first deepwater Gulf of Mexico deployment in 2014, the XACT team remains busy in the GoM, with plans for future expansion into other geographies.
Shell Technology Ventures Fund 1 B.V. (the Fund) is a unique large-scale investment fund focused on reducing the cost of energy by accelerating the development and deployment of new technologies. The Fund’s major investors are the Royal Dutch Shell Group, Coller Capital and the Abu Dhabi Investment Authority.
BP Ventures is an investment arm of BP that seeks out and invests in early or growth stage companies that offer emerging technologies in the energy industry. Through a corporate venture capital model, and choosing the right strategic partnerships, they strive to accelerate innovations in energy.