Global Remote Inks Service Agreement With Basic Energy Service For Helix Downhole Stimulation Technology
- Published: Thursday, 14 April 2016
- Author: Daily News
Vancouver based Global Remote Technologies Ltd. has entered into a service agreement with Basic Energy Services Inc. (BAS) that allows BAS to utilize Global Remote Technologies' patent pending Helix downhole well stimulation technology for its oil and gas clientele across the U.S.
Global Remote Technologies states: "We are excited to be working with a leader in the U.S. oil and gas well servicing industry such as Basic Energy Services. This is a significant milestone for Global Remote Technologies, not only in establishing strategic relationships with major players in the oil and gas sector but also towards achieving our goal of substantially increasing our customer base throughout 2016. We feel our Helix tool will significantly increase oil flow rates for BAS as well as open multiple new opportunities in the U.S. marketplace for Global Remote Technologies."
The Helix tool uses a patent pending design and engineering method to achieve a unique flow pattern that is more effective for wellbore stimulation and cleanouts than any other designs on the market, the company says. The Helix tool is a downhole cleaning and stimulation technology that combines traditional oscillation and pulse jetting structures into a single pattern.
Helix technology has been tested and utilized by several major oil companies in the U.S. and in Canada, the results of which have shown consistent oil flow increases of 35-92 per cent post-clean out and stimulation, Global Remote Technologies says.
-NTM-
