InflowControl sign collaboration agreement for Iraq

InflowControl have partnered with Esnaad Oil Tools in a collaboration agreement to support oil companies in Iraq to improve oil production, whilst reducing water and gas production challenges and reducing associated emissions. The agreement will increase the local Iraqi content through engineering and operational support.

Esnaad Oil Tools General Manager, Mr. Husam Al-Rikabi states: “We are excited to bring InflowControl’s AICV® technology to Iraq, as there are many challenges with excessive water and gas production and Iraq needs technology to lower lifting costs and improve oil production. InflowControl have this technology with their Autonomous Inflow Control Valve that will help our Iraqi customers.”

InflowControl's CCO, Brent Brough states: “We have been working with Iraqi operators in designing wells which will dramatically reduce water cut and GOR by 50-80% through the use of our AICV® technology. This will reduce the electricity costs needed to pump the oil to surface as we use our valves to greatly reduce un-wanted water production which increases net oil and profitability per barrel of oil produced. Iraq has vast sums of oil reserves and in need of a technology like AICV® to make the existing fields profitable again.”

Esnaad Oil Tools is a leading provider of Oilfield Services to the oil and gas industry in Iraq. The company started operations in 2014 and has evolved over the 8 years, establishing a reputation for innovation and professionalism. Esnaad’s services range through downhole tools rental, drill bits, drilling tools, completion, primary cementing equipment “PCE”, intervention, production phases and engineering services within the upstream and midstream sectors.

InflowControl's vision is to change the oil industry to become more sustainable and cost efficient. Working with oil companies and applying AICV® technology to increase net-oil recovery by reducing unwanted water and gas is the companies primary objective. InflowControl is a Norwegian technology company with proven experience from deploying Autonomous Inflow Control technology in over 200 wells world wide.