The Board of Directors of TCO AS today announced that Morten Lerbrekk has stepped down as Chief Executive Officer and resigned, effective immediately
10th of August 2014 TCO Tubing Disappearing Plug TDP-3 HPHT was used as a primary barrier against the reservoir. This eliminated the need for expensive Cesium formate as well as additional costs associated with the displacement operation.
TCO B-Annulus Relief System was developed to tackle the problems of B-Annulus pressure build up, primarily during well start up mainly as a result of thermal expansion.
On the 8th of June 2014, TCO Products Inc., reached a milestone within the US shale gas market. The installation of a flotation tool, the Tubing Disappearing Plug - Pump Open (TDP-PO) was successfully installed and opened in the Midland field, Unites States.
As a result of the company's strategic plan to enter the topside market for chemical injection, we are pleased to announce that TCO has signed an agreement with the University of Stavanger for technology rights to a patented topside flow control valve.