Grants and Contributions:

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Title:

Develop rod string design software, and a Gas lift optimization system

Agreement Number:

980960

Agreement Value:

$150,000.00

Agreement Date:

Nov 1, 2021 - Oct 31, 2022

Description:

DV8 is building a rod string design software product called DV8 Dynamics. This software will design the sucker rod pumping system and eliminate the high error rate in rod string design. The current software used for designing wells was developed when wells were mainly vertical and does not produce an accurate rod design for deviated wells. This ends up costing producers a significant amount of money due to increased maintenance issues, equipment failures and the associated losses in production and work over costs. DV8 will develop a gas lift solution. DV8 GL will use machine learning models to optimize compressor and valve operations in the field to increase production. The system will be cloud based automated optimization system.

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 T2J 1Z9

Reference Number:

172-2021-2022-Q3-980960

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

711111716

Recipient Type:

For-profit organization

Recipient's Operating Name:

DV8Energy

Recipient's Legal Name:

DV8 Energy Inc.

Federal Riding Name:

Calgary Midnapore

Federal Riding Number:

48008

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:

213118