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  4. FourPhase enters US market

FourPhase enters US market

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Oilfield Technology,

Norwegian based oil and gas solids solutions firm FourPhase has secured a six-figure trial including the option of 12-month extension with one of the major operators in North America.

The contract is for the trial installation of a sand management system for an offshore platform in the Gulf of Mexico, which is planned for July/August, and is the first time FourPhase’s patented technology will be used in the US market.

FourPhase’s products are suitable both for interventions as well as continuous production applications and has to-date significantly contributed to increased oil recovery (IOR) on existing solids producing fields and wells for multiple major international operators.

Øyvind Heradstveit, FourPhase CEO, said: “Moving into the US market is very much a part of FourPhase’s growth strategy. There is great potential within both the US offshore and onshore market for our technology and we’re delighted to secure a trial with one of the majors”.

“As the oil and gas industry starts to recover, we are seeing strong sales growth and are moving into new geographic markets where we can help operators unlock the potential of shut-in wells with our unique solids management technology.”

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/03072019/fourphase-enters-us-market/

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