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3 Ways to Increase Efficiency of Oil Extraction

Drilling Equipment
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Increasing efficiency of oil extraction allows companies to keep costs low and increase output. Considering oil has taken a huge dip in prices recently, it pays to be efficient.
 
Here are 3 ways to increase efficiency of oil extraction.
 
1. Green Completion Systems
 
New technology coined as “green completion systems” is promising to reduce the amount of methane gas that is lost during drilling. The system captures gas using Dry Seal Systems and Vapour Recovery Units, which pull emissions off the tanks, compresses them and puts them in a pipeline. The gas can then either be sold or re-used to power the electronic devices that keep a drilling site running (which offsets operational costs).
 
WPX Energy’s newest gas well pad in the Lybrook area of New Mexico is successfully using the new technology. Thomas Singer, senior policy advisor at the Western Environmental Law Center, believes that other companies should follow in its footsteps and believes that mandatory regulations industry-wide should be enforced to ensure emissions are accurately controlled.
 
2. Baker Hughes MultiNode Intelligent Well System
 
Baker Hughes launched its MultiNode intelligent well system in October 2014. The system allows users to extend the number of compartments they can make within a reservoir. It also allows oil companies to have more control over in-flow control devices (ICDs). Regularly these devices are not adjustable once they are inserted. However with this new technology, companies can have control over ICDs.
 
According to Rigzone, “Baker Hughes has already (successfully) tried the technology in two installations in the Middle East: one offshore (but in shallow water); and one onshore.”
 
3. Saskatoon Pipe Flow Technology Centre
 
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The Saskatoon Research Council spent over $3,100,000 to recently build and launch a new research facility to find ways to increase and more efficiently extract oil from the ground.
 
According to CBC, it’s the first time in the world that a facility has been “created to allow full-scale physical modelling of complex pipe flow behaviours of slurries and crude oil mixtures.” The centre also allows, “pipe flow conditions to be controlled and studied based on temperature, flow rate and mixture composition.”
 
Oil is hiding beneath the ground in Saskatchewan and Alberta, Canada, but companies need to refine their methods to be able to obtain it. The Saskatoon Research Council hopes to improve processes and enhance oil recovery by researching methods such as thermal methods for oil extraction that incorporate steam and solvents. According to Dr. Laurier Schramm, president and CEO of the Saskatchewan Research Council, current technologies only allow 30% of oil to be recovered.
 

TNphoto Tatsuya Nakagawa
Tatsuya Nakagawa is the VP of Marketing and co-founder of Castagra Products, a storage tank and wastewater coatings manufacturing company that is highly acclaimed for its sustainable coatings, cold weather tank and secondary containment coating applications, and its durable frac tank coatings. Castagra is used by the world’s top oil and gas field services companies.