Glori Energy enters contract with Petroleum Development Oman (PDO)

Tuesday, February 14, 2012
  • Glori Energy announced the signing of a field implementation contract with Petroleum Development Oman, LLC (PDO), the national oil company of the Sultanate of Oman.

Under the agreement, Glori will deploy its AEROTM System for enhanced oil recovery into an existing PDO field in southern Oman. When compared to alternative enhanced oil recovery methods, Glori's technology, which is based on natural biologic processes, has a much lower cost and is more environmentally sustainable.

Under the contract, Glori immediately deploys resources and commences its S3 Process to customize the AEROTM System for the PDO field. Upon completion of the customized solution, Glori's team will work with PDO to implement the AEROTM System in the field. In support of this contract and other opportunities in the region, Glori will expand the capabilities of its regional office located in Muscat, Oman.

'Glori is delighted to have the opportunity to enter into this field implementation project with PDO,' said Stuart Page, CEO of Glori Energy. 'As our first Middle East project, this contract represents a key expansion of Glori's geographical scope and establishes a footprint for Glori in a very important oil region. Glori has demonstrated compelling results in field projects in the US and looks forward to achieving similar success in Oman.'

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

Related Companies

Related News

Join 70,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Your details are never shared or sold. We hate spam too.

Key Supporters


 

» More Jobs       » Upload a free Job       » Upload your CV

More Europe Jobs

More Global Jobs

Opinion & Commentary

  • Oil and friction in Iraq
    Oil continues to be a cause of considerable friction between Baghdad and Irbil, and is most definitely not lubricating relationships. The game of “Texas Hide and Seek&rd ...

» More Opinion & Commentary         » Write for us             RSS RSS

OilVoice Magazine
Oil Echo
Oil Earth

Opinions & Commentary

Oil price, Cape, Caza, Petrofac, Plexus plus sundry follow up etc, And finally...

by Malcolm Graham-Wood

Read More »