Petroleum Equipment & Services, Inc. Alaska (PESI) have signed an exclusive representation agreement with InflowControl to bring their best-in-class, Autonomous Inflow Control Valve (AICV) technology to Alaskan Oil and Gas Operators. Established in 1983, PESI has a strong track record for introducing new technologies to Alaska. This experience, combined with a strong, existing technology portfolio, could enable PESI to be a single source provider for a complete AICV completion that incorporates some of the best technology available, including sand control screens, swell packers, liner hangers, and completion accessories.
InflowControl is a Norwegian technology company dedicated to improving the efficiency of oil recovery while simultaneously reducing the industry’s environmental impact. Established in Porsgrunn, Norway in 2011 they have installed over 200 AICV completions globally to date and are the leading provider of Autonomous Inflow Control Devices (AICD).
This agreement provides Alaskan Operators access to a technology that has proven to change conventional development economics in both new and brownfields, controlling unwanted gas and water production whilst maximizing oil production and total recovery factors.
From Ultra-light to Ultra Heavy Oil, the AICV technology is well suited to the Alaskan market where new, light-oil field developments sit alongside well-established fields that have been in production since the 1960s. All of which could potentially benefit from AICV technology.