VeruTEK Technologies Inc. and Wavefront Technology Solutions Inc. have executed a partnership agreement to apply their chemical solutions and fluid delivery technology platforms to enhanced oil recovery (EOR) and well stimulation approaches for heavy oil as well as conventional and tight reservoirs.

 

The combination of VeruTEK GasGen environmentally friendly fluids, delivered by Wavefront fluid pulsing technology, provides tremendous opportunity for improved production in many formations.

 

Under the terms of the agreement Wavefront may identify and engage prospects interested in a joint VeruTEK/Wavefront solution for enhanced oil recovery, well stimulation and environmental applications. Wavefront will resell co-branded VeruTEK products.

 

Additionally, VeruTEK may introduce Powerwave and Primawave as highly differentiated alternatives for injection and will provide assistance to Wavefront to secure clients who use VeruTEK products and services.

 

"We are extremely pleased to work with VeruTEK, a leader in green chemical solutions," said Wavefront CEO Brett Davidson. "This agreement is part of Wavefront's strategy to leverage Powerwave and Primawave through strategic alliances in both the energy and environmental sectors. Wavefront is confident alliances will bring greater exposure to the field-proven technologies of both companies, as well as supplementary revenue streams," said Davidson.

 

"VeruTEK has experienced excellent results working with Wavefront technology, and we are excited to partner in oil and gas applications. The Wavefront dynamic injection approach is ideal for oil recovery revitalization, particularly when used with VeruTEK's innovative GasGen chemistry," said VeruTEK CEO Dan Socci.