CALGARY, June 19, 2012 /CNW/ - Oilflow Solutions (Oilflow) announced
today that it has entered into a regional product supply agreement with
M-I SWACO, a Schlumberger company, to market its Proflux technology for
the mobilization of heavy oil in well and pipeline applications.
The agreement provides M-I SWACO exclusive distribution of Oilflow's
unique, patented chemistry in Venezuela, Colombia and the Caribbean
countries. "The addition of Proflux to our portfolio of production
technologies gives our customers access to economical, safe and
environmentally friendly chemistry for the treatment of their wells and
pipelines in the heavy oil environment," said Larry Greenblatt,
director, Production Technologies, Latin America, M-I SWACO.
The agreement formalizes Oilflow's venture into international markets
beyond Western Canada.
"This is a tremendous achievement for our company and a remarkable
opportunity for Oilflow to continue its growth in supporting the
industry with this unique technology," says Fred Meyer, Oilflow CEO.
"By combining our Proflux technology with M-I SWACO's vast global
infrastructure we have an opportunity to rapidly introduce this
technology while better serving customers involved with the production
of heavy oil."
About Oilflow Solutions:
Oilflow Solutions Inc. helps customers enhance heavy oil production by
resolving viscosity-related issues in wells, reservoirs and pipelines.
Headquartered in downtown Calgary with a dedicated research and
development facility, Oilflow Solutions also has operating bases
throughout Western Canada.
SOURCE Oilflow Solutions
For further information:
Terence Leung, Marketing Analyst
Fred Meyer, CEO