Artificial Lift RIGLESS ESP System Achieves Successful Commercialization from ConocoPhillips.
HOUSTON -- The Artificial Lift Company Ltd. (ALC (Assembly Language Coding) A generic term for IBM mainframe assembly languages.
1. ALC - Assembly Language Compiler.
2. ALC - Airline Line Control. ), a leading artificial lift service company, announced that its RIGLESS ESP (1) (Enhanced Service Provider) An organization that adds value to basic telephone service by offering such features as call-forwarding, call-detailing and protocol conversion. solution developed in cooperation with ConocoPhillips had been approved by the operator for commercialization.
ALC has been working closely with ConocoPhillips for more than five years to develop its groundbreaking artificial lift solution for the oil and gas industry. The ALC RIGLESS ESP technology met the commercial terms of the contract with ConocoPhillips and passed the final acceptance test in September 2009.
The fully commercialized RIGLESS ESP system will undergo additional testing with ConocoPhillips in Q1 2010 in West Texas, and the first commercial installation for ConocoPhillips is scheduled for Q2/Q3 2010 in Alaska.
"Artificial Lift Company has been flexible and responsive to our specific needs, and provided us complete access in the technical development process," said John Patterson John Patterson can mean any of the following:
ALC's RIGLESS ESP system significantly extends the life of a well and reduces maintenance costs.
"ConocoPhillips has been great to work with in helping Artificial Lift to develop and commercialize the RIGLESS ESP artificial lift technology," said ALC President Geoff Kimber-Smith. "The commercialization of this technology will allow us to introduce the product to markets where there is real demand for alternative ESP solutions, especially in areas where work-over costs consume a large part of the budget. We believe that there will be many worldwide opportunities in key global regions as this system will radically change the costs incurred in deploying ESPs."
Artificial Lift Company is a leading artificial lift service company based in the United Kingdom, co-founded by Geoff Kimber Smith that develops and delivers innovative and cost effective artificial lift systems to the oil and gas industries. To learn more, please visit www.alcesp.com.