| CPC E21B 19/006 (2013.01) [E21B 15/003 (2013.01); E21B 19/008 (2013.01); E21B 19/06 (2013.01)] | 16 Claims |

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1. A compensator system comprising:
an extendable frame assembly having an upper portion and a lower portion, the upper portion being configured for vertical movement relative to the lower portion via a compensation assembly comprising one or more compensating cylinders;
a sliding platform disposed on the upper portion of the extendable frame assembly, the sliding platform configured to slide horizontally relative to the extendable frame assembly;
a retainer disposed within a central space of the extendable frame assembly, the retainer configured to be secured to a tubular member for supporting the tubular member and a tubular string below;
two or more supports extending from the upper portion of the extendable frame assembly to the retainer to suspend the retainer; and
a swing arm crane secured to the upper portion of the extendable frame assembly;
wherein the sliding platform selectively slides between a first position over the central space and a second position a horizontal distance from the first position, wherein an upper window is opened when the sliding platform is in the second position, and wherein the sliding platform is configured to support a first tool assembly; and
wherein the swing arm crane is configured to lift and lower a second tool assembly through the upper window when the sliding platform is in the second position.
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