Gulf Energy, Flotek plan oilfield chemistry plant
- Oman: Sunday, March 17 - 2013 at 07:26
Oman-based oil and gas services firm Gulf Energy has signed a letter of intent with US-based Flotek Industries Inc. to build an advanced oilfield chemistry production facility and create a research development organisation in the sultanate to address the growing need for advanced oilfield chemistry and analysis in the Mena region, Muscat Daily has reported. Under the proposed plan, Flotek will own 60% of the two new Omani-registered limited liability companies. The first is a chemical production company that plans to build a production facility near the Port of Sohar, while the R&D laboratory will focus on the application of Flotek's oilfield chemistries to the challenges of drilling, completion and production in the region.
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