EXTRACT will create an innovative, reversible, Autonomous Inflow Control Valve (AICV) to selectively block unwanted phases of water and gas and improve oil reservoir recovery rates by up to 25%. The project is designed to optimise performance of the AICV for a range of oil viscosities, densities and flow rates and started in September 2013 with a total budget of 4.4 million NOK.
The full name is ‘Increased reservoir recovery rates by EXTRACTing oil using an innovative autonomous and reversible inflow control valve’ and is a Eurostar project. Eurostar is a European joint programme that supports SMEs performing R&D and stimulates international collaborative research and innovation projects. Advanced Chemical Etching and InflowControl are partners in this project.