First commercial Confi-Gel order ready for deployment

Graphene NanoChem, a provider of graphene enhanced performance solutions for the energy sector, has reported that the company’s first commercial order for Confi-Gel, its nano-engineered gelling agent or viscosifier developed using patented cavitation technology, SimPlat 5, is ready for deployment.

The purchase order valued at US$33 300 was secured for Confi-Gel following comprehensive testing and full lab trials by Scomi Oiltools, for inclusion into its supply chain to service global market requirements. The product will be deployed for use in Scomi's existing contract in Pakistan in 1Q16 and gradually into further markets in Turkmenistan, Indonesia, Thailand, Vietnam, Myanmar and India.

Confi-Gel is used as an additive in base-drilling fluids to decrease fluid loss to the well surroundings and ensure wellbore stability throughout the drilling activity. The product was developed to complement the Group's PlatDrill Series.

Jespal Deol, CEO of Graphene NanoChem, commented: "Today's news marks another milestone for the Group and is in line with our strategy of developing the mainstream market for our products range. The oil and gas market has suffered significant downturn from the volatility of oil prices and the fact that our product addresses the industry pain-points has generated significant traction in the commercialisation of our oil and gas product range. The Group looks forward to capitalising on its leading product range further in today's global market.”

Edited from press release by Angharad Lock

Read the article online at: https://www.hydrocarbonengineering.com/product-news/20012016/confi-gel-order-ready-for-deployment-2213/