Le Lézard
Classified in: Mining industry, Oil industry, Science and technology, Business
Subjects: JVN, RCY, CSR

Ecolog International and SMARTLINE Technology Signed a Strategic Partnership Agreement to Provide the Oil & Gas Industry With an Innovative Solution Allowing Faster Drilling, Lower Cost and Up to 90% Reduction in Water Consumption


DUBAI, UAE, March 16, 2020 /PRNewswire/ -- Ecolog International, a leading global provider of integrated services, technology, environmental solutions, logistics, facility management, as well as construction and SMARTLINE Technology, a provider of pioneering drilling mud treatment technologies, signed a strategic partnership agreement to provide an integrated and innovative solution to the hydrocarbon industry. Built upon the patented SMARTSITEtm technology, the integrated pit-less and de-watering solution is intended to improve drilling efficiency and considerably reduce the water consumption.

The cooperation between Ecolog and SMARTLINE Technology will provide the hydrocarbon industry with an integrated and fully mobile closed loop fluid management system that enables customers to treat Oil Based Mud (OBM) and Water Based Mud (WBM) in a more sustainable and economic manner. SMARTSITEtm enables operators to drill faster and reduce the water consumption used for drilling by up to 90%. It also helps eliminate the need for waste pits, which results in reducing the overall cost of drilling operations while improving the environmental footprint.

Commenting on the agreement, Ali Vezvaei, Group Chief Executive Officer of Ecolog International, said, "This partnership marks another milestone in our growth journey, while disrupting the traditional business model, driving decarbonization of the oil and gas industry and providing our customers with the much-needed sustainability and productivity."

Don Smith, President of SMARTLINE Technology, added, "SMARTSITEtm technology is built on efficiency and based on experience. Our agreement with Ecolog International allows us to jointly serve markets and customers, where the solution is required to significantly increase drilling performance, while improving environmental standards and working conditions."

About Ecolog International

Ecolog is a leading provider of integrated solutions, supply chain and logistics, technology, construction, facility management and environmental services. It provides turnkey and customized solutions and services to governments and defense, commercial clients in the energy, Oil & Gas, Mining and Infrastructure sectors as well as humanitarian organizations.

Incorporated more than two decades ago, Ecolog has carried out over 1,100 projects and is active in more than 40 countries, leveraging a pool of nearly 12,000 committed people in more than 150 locations around the globe.

About SMARTLINE Technology

SMARTLINE TECHNOLOGY LLC is a provider of advanced pitless drilling and dewatering technologies. Rooted and developed in North America, using a combination of science and experience-based understanding of operational requirements in the field, SMARTLINE TECHNOLOGY LLC has innovated a highly cost effective technology to substitute outdated well site dewatering and waste disposal practices.

 


These press releases may also interest you

at 21:00
OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, today published a report titled 'Unlocking the Infinite Potential of Crypto and AI.' The report explores the convergence of AI and crypto, a major trend in...

at 21:00
The "Strategic Storytelling for Internal Communications: Using the Power of Storytelling to Engage Employees, Manage Organizational Change, and Shape Workplace Cultures" conference has been added to  ResearchAndMarkets.com's offering. The Best...

at 20:50
Pharma (1167.HK), a clinical-stage oncology company drugging the undruggable targets, today announced its 2023 annual results. The revenue was RMB63.5 million, the R&D investment was RMB372 million, the cash and cash equivalent at the end of 2023 was...

at 20:48
Carrieverse Co., Ltd. has announced the grand opening of its Web3 metaverse game, 'Carrieverse', on the 28th of this month. It will be released in most regions around the world, and is expected to attract more than 1.2 million pre-registered users,...

at 20:45
The "Austria Social Commerce Market Intelligence and Future Growth Dynamics Databook - 50+ KPIs on Social Commerce Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, and Consumer Demographics - Q1 2024 Update" report has been added...

at 20:35
InnoCare Pharma (HKEX: 09969; SSE: 688428), a leading biopharmaceutical company announced that the first patient in China has been dosed in the Phase 1b clinical study of the combination of InnoCare's novel SHP2 (Src Homology 2 domain containing...



News published on and distributed by: