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SooS416

10/06/23 7:26 AM

#63717 RE: chemist72 #63705

Below is language from Pemex's recent business plan, sounds a lot like what MVNT is doing with its patented pumps and remote monitoring and maintenance platform.

Innovation in technology of artificial production systems is vital to keep mature
field producing without compromising the safety of workers or the environment.
Moreover, digitalization helps reduce the risks of operational stoppages by
improving business indicators

As in the case of mature fields operation, development of new fields requires
cost-efficient technological solutions in wells and facilities construction
throughout all the stages, from field development to operation activities.

Currently the market offers useful, predictive technologies that deliver
information allowing timely decisions, including real-time operational
monitoring to diagnose problems during drilling, completion, and productive life
of wells.