Positive Results Prompt Alberta Client to Increase Use of Powerwave Wavefront to Initially Provide 35 to 50 Additional Powerwave Systems
Wavefront Technology Solutions Inc. (TSX-V:WEE ) (PINK SHEETS:WFTSF) ("Wavefront"), a world leader in providing innovative solutions for increasing oil field production and enhancing the treatment of contaminated groundwater, is pleased to announce that based on convincing Powerwave results obtained in Eastern Alberta the client is expanding the use of Powerwave to three locations from one. For competitive reasons the client and field locations cannot be named.
After 24 months of operation in Eastern Alberta, the 3 Powerwave-driven injection patterns in the field, influencing 16 production wells, have shown a 68 per cent drop in oil production decline rate; a 240 per cent increase in oil cut (proportion of oil per barrel of produced fluid); and more than 51,700 barrels of incremental oil.
- Published: 17 December 2009
- Written by Editor