TECHNOLOGY company Tracerco has opened a laboratory for its reservoir tracing services in Perth, its second in the Asia-Pacific region.

In an announcement, Tracerco’s Australasian region managing director Ken Pearson said the new facility would enable the company to provide a better service for its Australian customer base while allowing oil companies to optimise well strategies more efficiently.

“This means giving them the crucial data they need to plan their production strategies more efficiently than ever before saving time and money,” he said.

“Australia is an area of growing strategic importance for Tracerco so we want to make our service the most accessible and efficient it can be to our customer base here.”

“We have seen steady growth in the region for a few years especially with the development of unconventional exploration,” he said.

The new lab will be fully equipped to handle analysis from across the spectrum of applications, from near wellbore to interwell and in unconventional oil and gas applications.

Tracerco reservoir tracing services global business manager Charles Czajkowski said Tracerco customers were currently facing rising restrictions and expensive export procedures resulting in slow turnaround times or in some cases making tracer analysis prohibitive.

“Our new lab in Australia will allow samples to be analysed in country for the first time, removing the complications associated with exporting samples,” he said.

“The new lab will allow us to take this instant analysis directly to our customers and will be capable of handling up to 100 samples a day, in some cases reducing the turn-around times for results from weeks to hours.”

Tracerco’s technology is used extensively by operators in oil and gas reservoirs to increase their accuracy in a range of well designs and field developments.

This year has seen record growth of the company’s reservoir business as oil companies pursue ambitious improved oil recovery programs.