Wavefront said that for reasons of confidentiality, production results, customer name, and oil field location cannot be revealed.
Brett Davidson, Wavefront’s president and CEO, said that the successful program validates the use of the Powerwave technology to extract stranded oil.
He also stated that the implementation schedule for the commercial phase of the program is being determined for the oil field which reportedly has over 200 water-injected wells.
Mr Davidson said: Wavefront continues to amass a growing list of companies adapting Powerwave to access stranded oil to positively affect natural production decline, extend field life and increase ultimate oil recovery from an oil field. We anticipate additional announcements on Powerwave implementation and adaptation in the near term.
