Equipment and Technology for Horizontal Wells

Field testing is under way: positive results reported

Field testing of our first “made-in-Russia” lever-type well tractor is on-going on the oil fields of one of the Russian oil and gas majors in West Siberia.

L-Petro has participated at the Ufa Geophysics Conference

Mr. Chudnovskiy, the Company’s Chairman of the Board of Directors, gave a presentation at the Ufa Geophysics Conference.

L-Petro presented at the Tyumen O&G Forum

The Company’s speakers have made a presentation at the NOVATEK roundtable during the Tyumen O&G Forum.

L-Petro is invited to participate in the Tyumen O&G Forum – 2021

L-Petro is invited to speak at the NOVATEK roundtable at the Tyumen O&G Forum – 2021. The Company will present its “Burlak” well tractor as a tool for horizontal wells.

Field testing commences

L-Petro LLC has commenced field testing of its first “made-in-Russia” lever-type well tractor on the oil field of one of the Russian oil and gas majors.

Second tranche of investment

L-Petro LLC has received the second tranche of investment proceeds in the amount of 80 million rubles (approx. USD 1.2M) from the “New Industry” Venture Capital Fund.

New Patent registered: Control Method for the wheel-type well tractor

The Russian Patent Agency has registered a new patent for a control method for the wheel-type well tractor to the name of L-Petro LLC

New Patent registered: Design of the wheel-type well tractor

The Russian Patent Agency has registered a new patent for a design of the wheel-type well tractor to the name of L-Petro LLC

New Patent registered: Design of the lever-type well tractor

The Russian Patent Agency has registered a new parent for a design of the lever-type well tractor to the name of L-Petro LLC

New Patent registered: Control Method for the lever-type well tractor

The Russian Patent Agency has registered a new parent for a control method for the lever-type well tractor to the name of L-Petro LLC

L-Petro LLC has attracted investment from the “New Industry” Venture Capital Fund

L-Petro LLC has attracted investment from the “New Industry” Venture Capital Fund in the amount of 160 million rubles (approx. USD 2.4M). The first transfer of funds of 80 million rubles (approx. USD 1.2M) was received on 30 September 2020.

L-Petro LLC obtained participant status at “Skolkovo”

L-Petro LLC obtained participant status at the “Skolkovo” Innovation Center. The participant status allows the Company to become part of the innovation center activities, as well as to take advantage of significant tax reductions.

L-Petro initiates development of a well tractor

L-Petro LLC launches development project to develop the first “designed-in-Russia” well tractor.

Registration date for L-Petro LLC