EDMONTON, Alberta (2 July, 2015) – Wavefront Technology Solutions Inc. announced that it has entered into a commercial agreement with NPS Energy DMCC, a United Arab Emirates headquartered company, for the provision of Wavefront's Powerwave Technology in the Middle East, North Africa and Far East Asia.
NPS is the largest regionally-owned oil, gas and petrochemical services provider in the Middle East delivering drilling, customized well services and support to customers in the Middle East, North Africa and Far East Asia. NPS provides its distinctive customer solutions through 20 subsidiaries and branches. Service lines include well services, electric line logging, well testing, and integrated drilling and workover operations.
"We are very pleased to have entered into this agreement with a well established and growing service provider in a region where there is considerable growth potential for Powerwave," said Wavefront President and CEO Brett Davidson. "Wavefront has made important inroads in positioning Powerwave with key clients in the region and we believe that through its distribution channels and market presence NPS will further advance both Powerwave and the revenue associated with Powerwave utilization."
Wavefront announces the completion of dual Powerwave Dragonfly tool installation to enhance water injection in a multi-zone injection well completion. This installation for Ecopetrol in Colombia is the first such installation globally for Wavefront and forms part of the approximate $1.3 million Ecopetrol contract previously announced which also included twenty-two Powerwave pulsating selective waterflood injection regulator valves installed in seven wells, and three Powerwave well stimulations.