Oil Production Wonderland: Triol Corporation at SPE ALCE 2018
The oil and gas industry maintains steady in past decades due to the world resource assignment and entrenched economic positions of its top players, while the USA might be recognized as the most noticeable among them. Over the years the United States of America leads the market, in this manner its annual rate of crude oil production reached 9.3 million b/d in 2017 with an all-time record of 10.07 million b/d set in November 2017.
2017 brought a 5% rise for a crude oil production in the USA
Recent trends show that US crude oil production continues its significant increase performed by virtue of horizontal drilling and hydraulic fracturing applied for tight rock formations, which occurred during the last 10 years. And the world energy agencies expect this rising tide to continue its growth with an average production rate of 10.7 million b/d in 2018 and 11.3 million b/d in 2019.
As for an internal US energy market, the state of Texas holds an indisputable top position in crude oil production, providing more crude oil than any other state in the region, with namely averaged 3.5 million b/d in 2017 and a record of monthly level of 3.95 million b/d reached in December 2017. At the same time, Texas also is a leader in natural gas production, providing a quarter of its national supply amount. Energy industry retains a dominant economic sector for Texas, and, moreover, it ranks sixth place in a rate of the largest oil producers in the world (excluding a total USA crude oil production rate). Texas comprises one-fourth of the US known petroleum deposits, which constitutes for about 790,000,000 m3.
Texas is a perfect place to get together all the oil field experts
In this regard, it is no marvel that Texas hosts different events connected to the gas and oil industry consistently. Among these occasions, it is impossible to leave out of notice the SPE Artificial Lift Conference and Exhibition appointed on 28 – 30 of August 2018.
This oilfield expo is arranged by the Society of Petroleum Engineers (SPE), which is a non-profitable professional association for entities engaged in energy resources development and production, whose number includes more than 164,000 members in 143 countries worldwide, among which Triol Corporation resides either. The SPE helps industrial professionals providing an essential resource for technical knowledge in the field and services, comprising relevant publications, events, training courses, and online platforms.
In turn, the SPE ALCE is an artificial lift exhibition, attendees of which will obtain an opportunity to enhance their technical and professional competence. This oil expo unites a variety of artificial lift professionals in order to discover new technologies, case studies, and best industry practices.
Meet Triol Corporation at SPE ALCE expo at The Woodlands TX on 28 – 30 of August 2018
Triol Corporation is excited to announce solemnly about an oncoming participation in the above mentioned SPE ALCE expo. This year, Triol as an official member of the SPE will present an up-to-date equipment for oil production and comprehensive solutions for the oil expo attendees looking for provisions for improving their experience in the oilfield industry.
Everyone interested is welcome to find out more about the Triol brand and to unveil personally such our products, as Triol AK06 Variable Speed Drive, that is a universal top-class efficiency solution designed to regulate speed and rotational force of an AC induction motor, complying with UL 61010-1 standard, and Triol TM01 Downhole Measuring System, specially designed for monitoring of an oil well and ESP operation parameters. In addition, we will provide an opportunity to try out Triol UMKA Controller interface and Triol ITA arrangement and layout. But the main attraction of the Triol expo will be represented by Triol Linear Electric Submersible Pump with two operating cycles, that is an ideal solution for marginal, unconventional and deviated wells with a flow rate of 0.8-38 m3 / day. All this and even more will be available for the oilfield expo attendants at booth No. 312 occupied by Triol Corporation.
The SPE ALCE 2018 The Woodlands TX will last for 3 days, and the Triol show-bench will be available on a regular basis during 28 – 30 of August 2018. All our visitors are welcome to come and get acquainted with the Triol solutions and representatives, willing to provide clarifications for all questions regarding further cooperation.
For a better time-management, Triol Corporation runs a special workflow service of a preliminary registration form on our official website. Triol Corporation team looks forward to participating in the artificial lift exhibition and hopes to meet its committed Partners, as well as to establish new business communications.
See you at The Woodlands, TX, USA on the SPE ALCE 2018!