Perfobore

About Perfobore

Perfobore provides specialized oilfield services centered on its proprietary radial drilling technology designed to enhance hydrocarbon recovery from mature and marginal wells. Established in 2014 by Ilya Lyagov, the company commercialized drilling concepts developed by his father. This technology offers a cost-effective alternative to more expensive methods like hydraulic fracturing (fracking) or sidetracking, especially in geologically complex reservoirs.

The core of Perfobore's offering is a system for mechanical, hyper-short radius drilling of multiple lateral channels from a primary wellbore. This technique creates a network of small-diameter tunnels extending up to 25 meters (82 feet) into the formation, bypassing damaged zones near the well and connecting previously isolated oil pockets. Key features include the ability to drill with a predictable trajectory and to re-enter the drilled channels multiple times. This re-entry capability allows for subsequent operations such as data logging, acidizing, or the injection of other chemical agents to further stimulate the reservoir. The system is applicable in both carbonate and terrigenous reservoirs and can be used in wells with thin pay zones or those where fracking is risky due to proximity to water or gas contacts.

Perfobore serves major oil and gas operators as its primary client base, with operations and partnerships in Russia, the USA, the Middle East, and Central Asia. The business model is service-based, executing projects for clients like Rosneft, LUKOIL, and Tatneft. The company's technology can be deployed as a standalone solution or in combination with other well interventions, such as preparing a well for a more targeted hydraulic fracture. By increasing the well's drainage area and improving connectivity with the reservoir, the service reports production increases of 40-100%. The company has attracted significant venture capital, securing $9 million in a 2021 funding round from investors including Runtech Ventures and Phystech Ventures to fuel international expansion.