Silverwell Signs Five-Year Contract with Major Independent Operator in Alaska

06 Jul 2023

Media Release

Digital Intelligent Surface-Controlled Gas Lift Systems to be Deployed in Green Field Development To Improve Production Efficiency and Performance

HOUSTON, July 06, 2023 – Silverwell Technology Inc. (“Silverwell”) has won an exclusive five-year contract with a major independent operator to provide improved production and reduced operation expenditures for 22 new wells in Alaska.

Silverwell will deploy its industry-leading digital intelligent artificial lift (DIAL) gas lift production optimization system in the wells. DIAL is used by operators around the world both onshore and offshore. The system integrates in-well monitoring and control of gas lift well performance with surface analytics and automation to continually optimize gas-lifted fields, remotely and without intervention.

“Winning this contact is the result of many months of collaboration and planning with the operator. It demonstrates the proven readiness and maturity of Silverwell’s ground-breaking DIAL technology and the value it will bring in the North Slope,” said Simon Suarez, Silverwell’s Western Hemisphere Sales Manager.

Darrell Johnson, Silverwell CEO, commented: “This is a milestone in the development of Silverwell. Expanding our geographical presence in a technically challenging environment has been a key objective for us as a company. We are seeing growing interest in the proven performance and financial benefits of DIAL from exploration and production companies globally. Our intention is to be the market leader in surface-controlled gas lift systems and services in all operating environments.”

Want to learn how DIAL can optimize your gas lifted wells?