Powerwave Drive to Increase Oman’s NOC Oil Recovery

Wavefront Technology Solutions Inc. (“Wavefront”), a leader in fluid injection optimization for improved performance and profitability in the oil and environmental sectors, is pleased to announce that six Powerwave systems will initially be installed with Oman’s National Oil Company (NOC). Installations for this commercial project are slated to commence by July 2011.

The NOC is the foremost exploration and production company in the Sultanate and accounts for more than 70 per cent of Oman’s crude-oil production and nearly all of its natural-gas supply. The NOC is 60 per cent owned by the Government of Oman with the remaining 40 per cent owned by major international oil producers.

“One of Powerwave’s many strengths is its ability to transform marginal producing fields into highly profitable reservoirs while also adding more booked reserves,” said Wavefront President and CEO Brett Davidson. “The world continues to have an insatiable appetite for oil and we are very pleased to add this NOC as more and more international oil producers turn to Powerwave to help increase their production and feed that appetite”.

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