Brazilian Invention Lowers Price of Pumped Oil

A new device capable of simultaneously injecting steam and extracting petroleum from wells and cutting costs was invented by the Petroleum Engineering Company (Engepet), a small firm based in the northeastern Brazilian state of Sergipe.

"It is necessary to maintain the pressure inside the well for pumping the oil. Usually, this is accomplished by drilling a second well for steam injection, which heightens the operational cost," explains businessman Cléber Bahia.

The equipment, named "BPZ," was created and patented by engineer Zadson Almeida Franco, one of Engepet's owners. "It is a worldwide pioneering product, claims Cléber Bahia.

The company integrates the Petroleum and Gas Chain Project, a partnership between the Brazilian Micro and Small Business Support Service (Sebrae) and Petrobras for capacitation of suppliers in the sector.

After Engepet set out to improve its management and quality, in 2003, the company revenues increased 600%, also due to the innovative nature of their products.

Presently, the company is working together with the Petrobras Research and Development Center, to develop a generator for injecting steam into wells. The current method consists of producing steam in a boiler located on the surface. The new idea will enable production of steam in the well.

"Is is another way of cutting costs, which, in structures such as these, are in the millions," says the businessman.

Even with all the technology, gaining new markets has not been easy for Engepet. The company has a hard time selling to Petrobras units outside the state and broadening its field of action.

"This is an extremely conservative market, featuring large investments and reliance on well-known suppliers," says Cléber. According to him, when the time comes to negotiate, bearing the Petroleum and Gas Chain Project name makes a difference.

Engepet
Telephone: (+55 79) 3246 2678
Website:
www.engepet.com.br

Tags:

You May Also Like

Brazilian Stocks React to Bad News and Slip

Latin American markets took a hit after posting solid gains yesterday. Brazilian shares fell, ...

Brazil’s Petrobras Reaches Average 1.8 Million Barrels a Day. A Record

Petrobras, Brazil's state-controlled oil multinational, announced on Thursday, July 3, that it achieved a ...

Chí¡vez Says in Brazil His Socialism Will Help All of South America

Venezuelan President Hugo Chávez said this Thursday, Janeiro 18, in Rio de Janeiro, during ...

Brazil’s Corruption Scandal Has Spared Lula for Now, But Government Is Paralyzed

The corruption scandal engulfing Brazil is beginning to have effects on the economy and ...

Brazil’s Central Bank Good News Sends Market Way Up North

Brazilian and Latin American markets surged, after the release of minutes from the Brazilian ...

Banned in Brazil Paris Hilton’s Beer Commercial Becomes YouTube Hit

After paying a fee of about US$ 800,000 to socialite Paris Hilton for her ...

Jamba Juice Creates Power Breakfast with Brazilian Açaí­ and Guaraní¡

Jamba Juice, a company specialized in freshly blended-to-order fruit smoothies and juices, has just ...

Death Toll Rises to 57 in Brazilian Floods. Dozens Still Missing

The toll of deaths due to flooding in Brazil’s Northeast region states of Alagoas ...

Chacrinha and Sílvio Santos: Two Key Names to Understand Brazilians’ Psyche

A huge percentage of the Brazilian population spends Sundays in front of the TV ...

Jangada Days

In Prainha Canto Verde, locals tend to view visitors not as invaders or usurpers. ...