Innovating Technology
Oleum Technology LLC
SIP TECHNOLOGY - SYSTEM OF INTEGRATED PRODUCTION
(USA)
The New Order for Oil and Gas
The maxim that the oil and gas sector is a cyclical industry is as true today as it ever was. The difference is that this time around, the oil and gas sector has used the reduction in oil prices as a real catalyst for change. The slump in oil prices has meant a fresh start for the industry with oil and gas operators striving to reduce costs and increase operational efficiency.
One of the key changes is the emerging use of disruptive technologies. Oil and gas companies will need to examine the role that digital technologies can play in improving their performance. The ambition of a digital oil field is driven by increased automation and broader trends such as Big Data and Artificial Intelligence. This increased level of digitization should drive greater innovation that improves productivity and efficiency in the field.
It has been noticed in the sector is improved decision-making, which comes as no great surprise given that resources for CAPEX and OPEX are extremely constrained at present.
Oleum Technology LLC is an oil field services provider that owns global rights (exclusive of Venezuela and Ecuador) to a proprietary digital technology that greatly improves the efficiency of many common types of oil wells. The patented technology, known as System of Integrated Production (SIP) has, after extensive testing in Venezuela and Ecuador, shown to increase crude oil production from 10% to 40% and often higher. The SIP achieves these positive results by employing a unique algorithm that systematically suppresses well gas and water discharge increasing oil flow.
Two major secondary positive impacts of SIP usage:
- To significantly decrease disposal costs of wastewater and waste gas.
- To minimize negative environmental impacts for wastewater and waste gas.
The SIP’s proprietary software algorithm monitors and regulates the pressures inside the well producing an optimal flow pattern resulting in increased oil flow. There is no other technology like this in the marketplace.
The company is currently in the process of installing test systems in Mexico for Pemex and in Colombia for Ecopetrol. Oleum anticipates full production contracts in both countries to follow by December of 2017. Also, plans are underway to install test SIPs in Oman and Nigeria, with full production contracts expected early 2018. Management believes the company has a short path to positive cash flow that will easily scale to a billion-dollar plus company.
Oleum is founded on life-long oil industry professionals. Oleum’s oil field engineering team has over 150 years of combined oil field experience. However, the leadership’s foundational experience also extends through Fortune 500 businesses, top-level academic institutions, international media, and the arts. This combination of diverse experience and oil industry knowledge makes it easy to understand why Oleum most valuable assets are the people that make up the team.
The future of oil technology is on the world’s doorstep. The Oleum system is poised to revolutionize the industry by increasing production and profits, while lowering waste disposal costs and mitigating harm to our environment. Everyone wins.
Digital Oil Field solution, satellite well monitoring (USA), increase the oil production by compressing annular free gas according proprietary algorithms:
- Increase crude 10%-60%.
- Without capital investment.
- Without downhole alternation.
- Without using chemical.
- With interrupting current production.
Versatile works on:
- On and Offshore wells.
- Vertical Horizontal or Directional drilling.
- Vertical Horizontal or Directional drilling.
- Irrespective of depth, Reservoir Geology, API, Water Cut.
DALMASTER CONSULTING (HOOS TECHNOLOGY)
(Romania)
Ultimate development of Heavy Oil Artificial Lifting Technology using oil absorbent, continuous belt. HOOS Technology is a disruptive evolution to everything before.
HOOS Description: HOOS is a new artificial oil lifting technology focusing on medium and heavy oil reserves. In contrast with traditional technologies, it replaces the vertical pumping with vertical transportation. Very low operating and maintenance costs with remote real time monitoring and control.
HOOS can be installed in 4 hours using a light crane, HIAB. No work-over rig requirement for maintenance.
Highly efficient in heavy and sandy oil wells. Economically effective for marginal wells – 3 to 35 barrels per day.
Has demonstrated a 200% increase in net oil production, while reducing energy costs and water cut by 70%.
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