Contribution: Industrial Research Assistance Program – Contributions to Firms
Oilify New-Tech Solutions Inc.
$75,000.00
Continued development of Sucker rods - addressing issues observed during the last project
EF 2022-23 · 2022-06-16
Résumé
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.
Ministère
Programme
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (lien de confiance élevée)
Bénéficiaire
Emplacement
Calgary|Calgary, Alberta, Canada
Type de bénéficiaire
For-profit organization
Numéro d'entreprise
730873270
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
Tel que publié
Agreement End Date
2023-03-31
Agreement Number
991977
Agreement Start Date
2022-06-16
Agreement Title
Continued development of Sucker rods - addressing issues observed during the last project
Agreement Title (French)
Poursuite du développement des tiges de pompage – résolution des problèmes observés lors du dernier projet.
Agreement Type
Contribution
Agreement Value
$75,000.00
Amendment Number
0
Coverage
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation. | Les projets des Contributions aux entreprises stimulent la création de richesse au Canada grâce à l’innovation technologique.
Description
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.
Description (French)
Oilify fait progresser le levage artificiel pour les puits de pétrole de schiste et les réservoirs profonds. Les pompes à tige sont considérées comme la méthode la plus efficace pour remonter un baril de pétrole. Ce projet se concentre sur l'industrie du pompage à tige pour améliorer la technologie des tiges de pompage avec un matériau composite thermoplastique. Notre technologie réduira les incidences sur l'environnement et améliorera la fiabilité et la durabilité par rapport aux tiges actuelles en acier et en fibre de verre. L'amélioration de la durabilité des tiges, des besoins en énergie et des dépenses en capital du système d'exploitation apportera une valeur significative aux sociétés d'exploration et de production. Le projet que nous proposons consiste à concevoir et à tester au banc d'essai des composants et un ensemble complet de tiges afin de pouvoir les tester dans des puits souterrains au cours de notre prochaine phase de développement.
Expected Results
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Expected Results (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Federal Riding
Calgary Signal Hill
Federal Riding (French)
Calgary Signal Hill
Federal Riding Number
48012
NAICS Code
211110
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program – Contributions to Firms
Program Name (French)
Programme d’aide à la recherche industrielle – Contributions aux entreprises
Program Purpose
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Program Purpose (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Recipient Business Number
730873270
Recipient City
Calgary|Calgary
Recipient Country
CA
Recipient Legal Name
Oilify New-Tech Solutions Inc.
Recipient Operating Name
Oilify
Recipient Postal Code
T3B 6J1
Recipient Province or Territory
AB
Recipient Type
F
Reference Number
172-2022-2023-Q2-991977
