Myanmar Oil Wells to Use Graphene Nanochem Product

Malaysia-based Graphene Nanochem will put its latest product, GraphSolve, to the test in the field for a national oil company in Myanmar.

It is a paid trial under the group’s deal with Scomi Oiltools and the product is due to be used in three wells in work due to complete in the first quarter of 2016, the company said in a statement.

GraphSolve is used to treat drill cuttings waste on-site, thereby ridding the costly need to transport and treat material away from the well. Drilling generates between 300MT and 600MT of cuttings per well.

Graphene Nanochem claimed that the latest product can reduce treatment costs by between $70 and $200 per MT of cuttings.

The company said the product’s dual chemistry function reduces the oil content in the cuttings to less than 1 percent to meet environmental regulations for on-site disposal while it also speeds up the biodegradation process to within 8-12 weeks.

Graphene’s chief executive Jespal Deol said: “The advanced paid field trial of GraphSolve by the end customer after successful lab testing provides a strong testament to the performance of our products as we continue expanding our product lines and market reach.”

Graphene and Scomi Oiltools, one of the Asia’s largest oilfield services companies, have a joint venture covering a number of oilfield drilling lubricants and products.

Source: Myanmar Business Today

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Puma Energy", “MOGE”, “yangon new town”,"MECTEL", "hydropower", etc.