Pioneers In Creating Opportunities
Expertise in Oilfield Technology & Service
PICO Technologies field-testing strategy focuses on evaluating PT’s prototype tools in challenging formations that have been characterized extensively by industry standard tools from various service companies. Tests so far have taken place in the Gulf Coast, South Texas and Oklahoma high contrast regions. Outputs Logs are compared to Major and independent Service companies showing a very impressive results....
The first prototype CPOP for Progressive Cavity Pump system prototype was deployed in the field for Compania Petrolera de Altamira under the service company Petrohuasteca located in Tampico, Mexico. The system was placed on well 1083D on September 2014, along with a KUDU Drive head. The well is producing an average of 50bpd.
The Second CPOP PCP system prototypes were deployed in the field in wells 1029H and 1019H. These systems were paired with NOV Mono Drive heads. The wells are producing an average of 50bpd, and 25bdp respectively, due to higher viscosity of the crude extracted. The consumption of liquid propane gas was reduced by 30 liters/day compared to the first prototype....
PICO Patent Issued:...
One More Patent Issued for PICO Technologies LLC
Patent application title: Telemetry Method and System for Well Logging
Assignees: PICO Technologies LLC USPC Class: US 13/267,313
Publication date: Apr 11, 2013
Patent application number: US20130088363 A1