Turn underperforming wells into high‑margin producers — without spending a dollar of capex.
We fund 100% of the remediation, share only in incremental production, and leave the wells in your name. Aligned incentives, no chemicals, no heavy workovers. In most cases a full remediation is completed within 24 hours.
Five steps from screening to shared uplift.
- STEP 01
Identify candidates
We screen production history and well performance issues — scale, stuck valves, blocked screens, lost injectivity — to shortlist high‑probability wells.
- STEP 02
Propose the plan
We present a full remediation plan for the selected wells with expected uplift ranges and timing.
- STEP 03
We fund 100%
Precision Oil covers the full cost of remediation, logistics, and delivery. No upfront cost to the operator.
- STEP 04
Share the uplift
For a defined term (typically 18–24 months) we share the uplift production above the last 6 months' baseline.
- STEP 05
You keep the wells
Operator retains full ownership. Long‑term uplift beyond the agreed term reverts entirely to you.
Wells we target
- Scale‑blocked downhole safety valves and screens
- Plugged perforations and near‑wellbore damage
- Injectors with sharply reduced injectivity
- Wells where acid or mechanical cleanouts under‑performed
- Marginal or stripper wells with steady historical performance
- Shut‑in wells with clear mechanical (not reservoir) causes
Independent diagnosis. The right remediation technology.
Precision Oil is technology agnostic, selecting the remediation solution best suited to each well's specific production impairment. Our independent approach enables us to evaluate a range of proven technologies and deploy the one most likely to maximise production uplift and investment returns.
Sustained >15 months
Multi‑cluster completion
Restored injectivity
High pressure pulse + acid stimulation
What you get out of the JV.
Zero upfront cost
More barrels, longer life
Reduced abandonment pressure
ESG narrative
Tell us about your underperforming wells.
Share a short profile. We'll respond within 3 business days with a screening view and, where it fits, a proposed remediation plan.