News (5)
New Technology Magazine has named Proflux a runner-up for its 2011 Technology Stars award for Best Production Technology in its December 2011 issue.
We are extremely pleased to see our technology successfully used to solve to heavy oil viscosity related issues and are looking forward to seeing what is in store for 2012.
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Business writer David Parker recently interviewed Oilflow CEO Fred Meyer about his role in the company and our move downtown.
Read it here: http://www.calgaryherald.com/business/Calgary+firm+helps+unlock+reserves/5760000/story.html
Please note that we have expanded our Calgary location to Calgary Place - Tower 2 at:
#840 355 - 4th Ave. S.W
Calgary, Alberta, T2P 0J1
ph: 403-648-4959
Our northeast location in Calgary will be used exclusively as a research and development centre to focus on engineering custom chemistry for Proflux.
Oilflow Solutions, the developer and provider of technology for heavy oil viscosity reduction, declared the appointment of Fred Meyer as Chief Executive Officer.
Meyer was previously the VP Sales and Marketing with a midsized Calgary based international service company. He has 31 years experience in the oil and gas industry, including 27 years with a major international service company which included assignments in Eastern and Western Canada as well as several assignments in Africa and South America. During this period Meyer's roles included several senior operational and sales managerial positions. Meyer brings to Oilflow Solutions valuable insight and experience within the Calgary E&P community.
Working with clients such as Husky, Canadian Natural Resources and Shell, Oilflow Solutions has developed a range of innovative and environmentally friendly products for the extraction of heavy oil.
Proflux has been boosting production from underperforming heavy oil wells across Alberta and Saskatchewan since 2008. It is also effective in extending the production life of steam-stimulated wells.
In his new position Meyer will lead the company's growth in Canada and world-wide.
"This unique and exciting technology is already delivering significant value to our customers, frequently doubling or tripling production," said Meyer. "There is huge potential for future growth of this technology in the Canadian heavy oil market."
Co-founder and previous CEO Mike Crabtree will take up a new position as President of Oilflow Solutions with specific responsibility for product development and international business.
"Fred Meyer coming on board is a major coup for Oilflow, he will bring the experience and high level contacts to take the business to the next level of growth and development in Canada, while allowing the large overseas markets to be effectively addressed," said Crabtree.
The Big Squeeze: Oilflow Solutions prepares for Terraflux heavy oil EOR pilot
By: Elsie Ross
Tucked away in a laboratory in an unprepossessing light industrial area in northeast Calgary, Oilflow Solutions Canada scientists are hard at work on what they believe is a game-changing technology for enhanced heavy oil recovery.
If they are successful, the patented Terraflux formulation could be more effective than a waterflood in increasing reservoir recovery rates, saving operators both time and money.
Using industry standard computer simulators, the scientists have been testing the product and performance in the lab, developing the reservoir physics to make it all work, says Phil Fletcher, the company's technical director.
While the product has yet to be field-tested, results from the initial simulations have been promising. "We have done a head-to-head comparison with a waterflood and we have used one with the Terraflux formulation and what we are seeing is a 20% increase in recovery but in a shorter time," he says.
"This is a case of more oil in less time with essentially less use of chemicals." And if an operator can produce the same amount of oil with less water, there also will be energy savings.
Courtesy of New Technology Magazine, June Warren-Nickles
