Schlumberger to Pilot Powerwave Stimulation Methods in Romania

29.05.2013

Schlumberger to Pilot Powerwave Stimulation Methods in Romania

Wavefront Technology Solutions Inc., a developer of leading-edge technology for fluid injection optimization in performance drilling, well stimulation and mature field revitalization, is pleased to announce Schlumberger Logelco Inc., Panama Ciudad de Panama Bucharest Branch (“Schlumberger”) and Wavefront have entered into a service supply agreement to pilot Powerwave well stimulation methods in Romania.

Under the terms of the service supply agreement Wavefront will provide to Schlumberger a suite of Powerwave tools to be applied for both near wellbore (<4 cm) cleaning of scale as well as for the deep placement (>2 m) of remedial fluids to address salt intrusion problems that plague production in gas wells.

Romania has a rich history of oil and gas production dating back to 1857 and currently ranks 30 th in worldwide proven gas reserves. During the 2 nd World War the oilfields of Ploetsi were critical to the German military, providing up to one-third of Germany’s oil needs. Today oil and gas production is dominated by Romgaz and OMV-Petrom with other smaller producers such as Aurelian Oil and Gas and Amromco.

“We are very pleased to be working with Schlumberger to demonstrate the exceptional performance Powerwave well stimulation tools can bring Romgaz as well as other producers in Romania,” said Wavefront President and CEO Brett Davidson. “Wavefront is shaping the future of oil production with innovative solutions and we are confident we will continue to open new markets and opportunities for performance drilling, well stimulation, and mature field revitalization.”

Wavefront is a technology based world leader in fluid injection technology for improved/enhanced oil recovery and groundwater restoration.

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