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.

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.