Agreements have been signed with Coil Services, B.V. to install and service capillary tubing systems which will be used to inject production chemicals into gas wells to enhance production. A confidentiality, non-compete, and blending agreement has been signed with MAVOM Chemical Solutions, B.V. to blend CESI's proprietary specialty chemicals. The proprietary products produced for this market will include biodegradable capillary foamers which have received North Sea certification. The patented high temperature multi-functional systems will inject foamer, scale, and corrosion inhibitors continuously through the capillary strings, to decrease water hydrostatic head on the formations allowing for increased production.
Jerry Dumas, Sr., Flotek's Chairman and CEO, commented, "We have moved into the European market at the request of our customers. With the growing volume of applications for our products in the North Sea and surrounding regions, expanding into Holland addresses the logistic issues of servicing this important and environmentally demanding region of the world."
Flotek manufactures and markets innovative specialty chemicals, downhole drilling and production equipment, and manages automated bulk material handling, loading and blending facilities. It serves major and independent companies in the domestic and international oilfield service industry.
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