SOURCE: Artificial Lift Company

Artificial Lift Company

February 02, 2012 10:00 ET

First Rigless ESP System Installed in Middle East

HOUSTON, TX--(Marketwire - Feb 2, 2012) - Artificial Lift Company announced today the successful installation of the first Rigless electrical submersible pump (ESP) string installed in the Middle East with Saudi Aramco.

The installation was performed in one of Saudi Aramco's fields and comprised of a 134HP Rigless ESP system with a 6000 barrel-per-day pump. The system includes the Artificial Lift Company proprietary Permanent Magnet Motors and Wet Connect system. The unit was installed at a depth of 6,119 feet and included the installation of a downhole ESP gauge, packer, and subsurface safety valve assemblies.

Saudi Aramco have provided a platform for further installations throughout the Middle East with several operators already showing a desire to use this technology. Artificial Lift Company's Rigless ESP technology provides an opportunity for clients to retrieve the ESP string without a rig, realizing significant benefits through cost savings on rig utilization and electricity expenditures, decreased downtime, and less oil deferment.

"Artificial Lift Company is honored to work with a company of such high caliber as Saudi Aramco, enabling them to achieve a level of optimization consistent with their production goals," stated Alan Petrie, Business Development Manager, Saudi Arabia, for Artificial Lift Company.

The success of this installation follows closely on three wells in Alaska where the Artificial Lift Company installation team's experience now establishes them as a global leader in providing Rigless ESP technology.

About Artificial Lift Company:

Headquartered in Houston, Artificial Lift Company is an oil and gas recovery technology and services company. We have ingenious people to reliably optimize your production. Our experience and imagination keep you in full flow, minimizing downtime and costs while increasing safety and ease of use. We will extract every last drop of productivity for your business with our uniquely effective technology and service excellence.

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