Oilify New-Tech Solutions Inc.

Published purpose

Oilify is advancing artificial lift for shale and deep reservoir oil wells. Rod pumps are considered the most efficient method to lift a barrel of oil. This project is focused on the rod pumping industry to improve sucker rod technology with thermoplastic composite material. Our technology will reduce environmental impacts and improve reliability and durability over the incumbent steel and fibreglass rods. Advancing rod durability, power requirements and capital expenditures of the operating system will bring significant value to Exploration and Production companies. Our proposed project will design and bench test components and a complete rod assembly to enable testing in subsurface wells during our next development phase.