Oilify New-Tech Solutions Inc.
$100,000.00 CAD
- Department
- National Research Council Canada
- Recipient country
- Canada
- Fiscal year
- 2021-2022
- Agreement period
- September 1, 2021 – March 31, 2022
- Reference
- nrc-cnrc:172-2021-2022-Q2-978130
Published purpose
Oilify New-Tech Solutions Inc. is developing and an innovative breakthrough solution to advance artificial lift for shale and deep reservoir oil wells. Rod pumps are considered the most efficient method to lift a barrel of oil. The project is focused on rod pumping systems, with the goal to improve sucker rod technology with new materials from other industrial applications. The primary consumable and power load factor in the rod pumping configuration is the sucker rod. Advancing rod durability, the power required to operate the system and total required capital expenditure will bring significant value to Exploration and Production companies.
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