Grants and Contributions:

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Title:

Thermoplastic Sucker Rod Bench Testing

Agreement Number:

978130

Agreement Value:

$100,000.00

Agreement Date:

Sep 1, 2021 - Mar 31, 2022

Description:

Oilify New-Tech Solutions Inc. is developing and an innovative breakthrough solution to advance artificial lift for shale and deep reservoir oil wells. Rod pumps are considered the most efficient method to lift a barrel of oil. The project is focused on rod pumping systems, with the goal to improve sucker rod technology with new materials from other industrial applications. The primary consumable and power load factor in the rod pumping configuration is the sucker rod. Advancing rod durability, the power required to operate the system and total required capital expenditure will bring significant value to Exploration and Production companies.

Organization:

National Research Council Canada

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

Location:

Calgary, Alberta, CA T3B 6J1

Reference Number:

172-2021-2022-Q2-978130

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

730873270

Recipient Type:

For-profit organization

Recipient's Operating Name:

Oilify

Recipient's Legal Name:

Oilify New-Tech Solutions Inc.

Federal Riding Name:

Calgary Signal Hill

Federal Riding Number:

48012

Program:

Industrial Research Assistance Program – Contributions to Firms

Program Purpose:

Coverage:

IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.

NAICS Code:

211110