27/04/2023 by InflowControl
Partnership Agreement: InflowControl AS and PT Asia Serv Indonesia
InflowControl have partnered with PT Asia Serv in an exclusive agreement to support operators in Indonesia to increase oil production whilst simultaneously reducing the unwanted production of water and gas.
Asia Serv’s president Muhammad Arnold states: “We are excited to bring InflowControl’s AICV® technology to Indonesia, as there are challenges with excessive water production and Indonesia needs technology to lower costs and improve oil production. InflowControl have this technology with their Autonomous Inflow Control Valve that will help our customers in Indoensia.”
InflowControl's Vice President, Nicholas Hooper states: “We are delighted to partner with Asia Serv as Indonesia is a key market for us. The Country has outlined ambitious plans to increase oil production by 2030 and AICV® technology has the proven track record to help accelerate this, by significantly reducing the amount of produced water and increasing the oil recovery.”
AsiaServ was established and has been serving the Indonesian Oil and Gas industry Since 1995 and has grown to become a leader in well integrity systems. In addition, Asia Serv provides products and services for drilling, completion and workover requirements.
InflowControl is a Norwegian technology company with proven experience from developing and introducing the newest Autonomous Inflow Control Technology within a conservative oil industry. InflowControl's vision is to change the oil industry to become more sustainable and cost efficient. Increasing ultimate oil recovery is one of InflowControl's primary objectives when developing and modelling the subsurface application of their patented AICV® technology.
Read more about Asia Serv Indonesia here.