The environmentally–friendly line of treatments, which won the category in the Northeast Oil & Gas Awards earlier this year, is being lauded as a truly novel oilfield chemistry that safely and cost-effectively maximises the performance of declining wells, reducing the need for new drilling to maintain production rates.
The AssurEOR programme has caught the attention of the industry for its use of the world’s most proven biosurfactants, previously only used in large volumes in personal care and high–end household cleaning products. Using patented modular fermentation technology, the company can economically manufacture these highly–effective, natural products at scale—bringing unsurpassed performance, sustainability and profitability to oil production. Each ultra-potent treatment is optimised to individual wells and offers benefits typically not achievable with traditional petrochemical surfactants, including successful paraffin remediation and well stimulation.
“Locus Bio-Energy’s AssurEOR programme has made tremendous strides in shifting the oil industry’s perception of green technology, proving—for perhaps the first time—that environmentally–friendly solutions can outperform, and be more cost effective, than the synthetic surfactants currently in use,” said Jonathan Rogers, the company’s CEO. “These treatments are enhancing production and extending the ultimate recoverable reserves of treated wells while moving the oil industry forward in innovation, environmental stewardship and social responsibility. We’re honoured that the importance of these advances has been recognised by the Texas Oil & Gas Awards judging panel.”
The customised biosurfactant treatment programme consists of two products—AssurEOR FLOW™ for paraffin remediation and AssurEOR STIM™ for well stimulation. When used together, the solutions naturally improve the economic viability of existing wells by offering significant increases in production rates and recoverable reserves. Since availability was expanded to Texas oil basins less than a year ago, interest has grown rapidly based on impressive ongoing results on over 100 Permian wells.
Winners of the Texas Oil & Gas Awards will be announced at an awards gala dinner on 119 September in Houston.
Read the article online at: https://www.oilfieldtechnology.com/product-news/30082019/assureor-programme-selected-as-new-technology-sevelopment-of-the-year-finalist-in-texas-oil-gas-awards/