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.
For further information:
Terence Leung, Marketing Analyst
Fred Meyer, CEO