Camcon Technology unveiled a new technology application designed to increase the volume of oil that can be recovered from the world's reservoirs as well as reduce operating costs. Developed specifically for the oil and gas industry, the Camcon Intelligent Gas Lift configuration is part of Camcon binary actuator Technology (BAT). The application aims to enhance the recovery of oil from reservoirs by introducing gas injection management capabilities to improve extraction flow. Oil fields start their lives with sufficient geo-pressure, allowing for efficient extraction of oil. However, as extraction proceeds and geo-pressure drops, artificial lift has to be employed. It is estimated that up to half the world's oil wells currently require artificial lift.
