Absolute Completion Technologies
10th Anniversary Profile
ABSOLUTE
SUCCESS BY MARY SAVAGE
Thane Russell, VP Business Development and Technology and Jay Haskell, President and CEO
A
MeshRiteTM Sand Control Manufacturing
Alberta is home to many innovative minds, but Absolute is more than just another Canadian how often do you hear about a local company success story; they bring absolute innovation, that has achieved international success? It’s rare! absolute determination and absolute solutions Beyond the innovative concepts, it takes years, if to the global well completions business – they not decades of perseverance, an extended reserve are “changing the game.” Glenn Woiceshyn, VP Engineering of resources and an unwavering commitment to succeed. And such is the case with Absolute Completion Technologies Ltd. (Absolute). Absolute was founded by a group of innovative engineerAbsolute is an Alberta-based firm that has succeeded by ing professionals with extensive knowledge of completion tool designing new technology-based solutions and developdesign and sand control technology. This team had engineered ing unique manufacturing processes to create products that and developed the patented technology to manufacture a revoenhance sand control, flow control and well completion perlutionary sand control product called MeshRite™. formance. Absolute’s founders set out to “build better wells” MeshRite was designed specifically for sand control in heavy and after achieving success in international markets, heads are oil, and employs a filter technology which had repeatedly demstarting to turn in North America. They have stayed true to onstrated superior performance over conventional filter media their objective and as a result, they have helped hundreds of in laboratory testing and proven field results. oil and gas operators achieve better results by helping them to A large international firm made a bid to purchase this breakadopt technological advancements. through product and the MeshRite technology was sold in Absolute has experienced a 40 per cent growth rate – com1999. “In 2002, we approached the company who had bought pounded annually – since 2002. They’ve gone from three the technology because we felt they weren’t maximizing its employees to more than 100 in Canada, while deriving 70 per potential,” says Thane Russell, vice president, business developcent of their sales revenue from outside North America. Their ment and technology. products are installed in 35 countries spanning all the major Absolute bought the technology back and agreed to work continents. They have partnered with one of the largest firms with the firm as their worldwide distribution partner. “We in the oilfield service industry – to provide worldwide disramped up manufacturing and started aggressively educating tribution – yet Absolute has retained independent Canadian clients and repositioning MeshRite in an effort to increase ownership.
History in the Making
Absolute Completion Technologies 10th Anniversary Profile | Page 1