The seven-year agreement is pursuant to which BriteWater has the right of first refusal to process and dispose of certain of the producer’s oilfield emulsion waste materials.
The company’s environmentally-clean process can be used to purify oilfield emulsions by breaking and separating the emulsions into oil, water and solids.
HKN holds a 52.09% ownership interest in BriteWater, which owns the patented oilfield emulsion breaking OHSOL technology.
HKN is engaged in the development and production of crude oil, natural gas and coalbed methane assets and in the active management of energy-based investments.
