Grants and Contributions:

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Title:

Continued development of Sucker rods - addressing issues observed during the last project

Agreement Number:

991977

Agreement Value:

$75,000.00

Agreement Date:

Jun 16, 2022 - Mar 31, 2023

Description:

Oilify is advancing artificial lift for shale and deep reservoir oil wells. Rod pumps are considered the most efficient method to lift a barrel of oil. This project is focused on the rod pumping industry to improve sucker rod technology with thermoplastic composite material. Our technology will reduce environmental impacts and improve reliability and durability over the incumbent steel and fibreglass rods. Advancing rod durability, power requirements and capital expenditures of the operating system will bring significant value to Exploration and Production companies. Our proposed project will design and bench test components and a complete rod assembly to enable testing in subsurface wells during our next development phase.

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:

172-2022-2023-Q2-991977

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