OLEUM TECHNOLOGY, LLC

Increasing Oil Production 20% - 40% with the First AI-Controlled Oil Well

A Corporate & National Solution for Today’s Uncertainty

Oleum Technology is transforming oil production through its Multiphase Stabilization Artificial Intelligence (MS-AI), its proprietary AI technology that greatly increases production, reduces operating costs and builds reservoir value.

At a time of extraordinary global market uncertainty, MS-AI fundamentally transforms and protects the bottom line of private and national oil companies, while giving them strategic flexibility on how best to react.

The production increase in rigorous tests of MS-AI with major operators in the Permian, Colombia and Mexico has run between 20% and 40% -- and up to more than 90% in wells suffering great gas and sand instability.

And now by releasing its newest version in which the operator can control MS-AI from its own control room, the future of oil production is here.

MS-AI works by using two back pressure surface valves to change the flow dynamics of oil, water and gas up the well and in the pump, and then from the pump to the surface. The AI controls the pressure and can either control or recommend pump speed.

The pump, too, stabilizes, making it more powerful, longer lasting and in need of less maintenance--adding major CAPEX and OPEX benefits to the bottom line. The cost, meanwhile, is minimal. The MS-AI field units consist of little more than inexpensive surface valves and sensors. They take less than 4 hours to install.

The power is in the controlling AI in the cloud. Oleum has a preliminary international patent for MS-AI from the U.S. Patent and Copyright Office.

Oleum has, in other words, created the world’s first smart well that surely will become the industry standard. Its application is extraordinarily broad. MS-AI works on almost any well with a pump, a minimal amount of gas and a digital pump control system. This means that it works on almost all the wells in the world of any importance to large, medium and even many small operators.

The corporate value in the market of oil companies, meanwhile, triply benefits. It does so not just from greater production income and lower costs, but also from the faster reservoir recovery, raising the value of the companies’ chief economic asset.

For more information, please contact:

Alexis M. Schumacher-Villasante

Board Member & Co-Founder

alexismsv@oleumtechnology.com