Rigless Esp Solution News

The Artificial Lift Company Ltd. (ALC) announced that its Rigless ESP solution developed in cooperation with ConocoPhillips had been approved by the operator for commercialization.   ALC has been working closely with ConocoPhillips for more than five years to develop its groundbreaking artificial lift solution for the oil and gas industry. The ALC RIGLESS ESP technology met the commercial terms of the contract with ConocoPhillips and passed the final acceptance test in September 2009. The fully commercialized Rigless ESP system will undergo additional testing with ConocoPhillips in Q1 2010 in West Texas, and the first commercial installation for ConocoPhillips is scheduled for Q2/Q3 2010 in Alaska. (www.alcesp.com)