CALGARY, Aug. 27, 2014 /CNW/ - Sanjel Corporation (Sanjel) is pleased to announce the addition of 120,000 hydraulic fracturing horsepower (HHP) to its North American operations by May 2015.
Due to increasing client demand and high utilization of the Company's current fracturing fleets, Sanjel is expecting to exit the 2014 calendar year with 531,000 HHP and with this new commitment, Sanjel's total North American fracturing fleet will be approximately 650,000 HHP by the end of May 2015.
"Sanjel's proven execution in fracturing intensive resource plays has led to an increased demand for our services," explains Warren Zemlak, Chief Operating Officer. "In order to increase our horsepower, we have accelerated our planned capital expenditures timeline for fracturing horsepower."
The additional HHP will allow Sanjel to further optimize solutions to its customers' needs in North America.
"This is a very exciting time in Sanjel's history as our clients are showing their recognition of our proven execution capabilities by asking us to commit to additional service opportunities in key resource plays," Zemlak explains. "The actions we have taken to grow our fracturing fleet positions us well to meet these current and future needs."
Sanjel is a privately owned, Canadian-based, international oilfield service company with over 30 years of industry experience. As a major competitor in the global oil and gas market, Sanjel delivers two solution offerings: pressure pumping and completions – each with its own broad range of specialized products and custom-designed and manufactured equipment. Driven by pride and recognized for performance, Sanjel transforms our industry-leading technology into customized solutions and superior job execution.
Note: This document contains forward-looking statements about Sanjel's business, operations, technology development or the environment in which it operates, which are based on Sanjel's estimates, forecasts and projections. These statements include specifically, statements regarding the timing and total HHP of Sanjel's fleet. These statements are not guarantees of future performance, are based on a number of assumptions and involve known and unknown risks and uncertainties that are difficult to predict, or are beyond Sanjel's control including the timing for certifications, timing of execution of agreements with suppliers and delivery of ordered products and other risk factors and assumptions that may affect our actual results, performance or achievements. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. Sanjel disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by applicable law.
SOURCE: Sanjel Corporation
For further information: Sanjel Corporation, Vivienne Allen, Director - Corporate Marketing & Communications, 403.269.1420 (phone), 403.716.4024 (fax)