Interface Fluidics announces project with Equinor and ExxonMobile to bring PVT testing to the field
by CM Staff
This technology hopes to change pressure-volume-temperature (PVT) testing, an essential part of the exploration and production process for the oil and gas industry.
CALGARY — Two months after closing a Series B fundraise, Interface Fluidics has announced a joint industry project (JIP) with Equinor and ExxonMobil to accelerate the deployment of a compact, rapid fluid screening equipment for oil and gas. This technology hopes to change pressure-volume-temperature (PVT) testing, an essential part of the exploration and production process for the oil and gas industry.
After the demonstration and pilot of Interface’s miniature slim tube system developed in partnership with Equinor, the companies are coming together to expand the capability of the technology to include the remainder of the standard oil and gas characterization tools such as constant composition expansion, gas/oil ratio, LVR, live oil viscosity and density, and swelling in the suite of PVT capabilities.
This new platform will build on Interface’s existing work, which has purportedly demonstrated advantages compared to traditional oil and gas testing options.
“This project, while intended to make field decisions easier, goes far beyond traditional oil and gas testing options, to include carbon capture utilization and storage insights, as well as the ability to optimize the design of surface facilities and full-field development,” says Stuart Kinnear, CEO & Co-Founder of Interface Fluidics.
“It is exciting to start the JIP aiming for a complete new PVT solution with large potential to change the current way of working. Based on our experience with the talented development team at Interface, we have high confidence for fruitful results from close collaborations between Interface and all partners,” says Tao Yang, PVT specialist at Equinor.
The partnerships made with this JIP will mobilize Interface’s technology platform into the hands of consumers. By making critical fluid property data accessible, it may open up new methods for developing and managing oil and gas production that could avoid significant GHG emissions. Re-injecting gas that might have been flared for Enhanced Recovery is one such application. It will also make the collecting and testing of samples more convenient for field use, potentially saving the industry hundreds of millions of dollars.