Graphene NanoChem (LON:GRPH) has received a firm order for PlatSurF, its oilfield recovery additive, for a 16 - 18 wells drilling programme in Myanmar.
It is the company’s first contract in Myanmar with the initial four well order worth just under US$200,000.
The orders for the remainder of the wells will come through over the next 12 - 18 months.
Jespal Deol, Graphene NanoChem’s chief executive, said the order was a testament to the product’s quality.
Graphene Nanochem adapts ‘wonder material’ graphene for industrial uses withthe energy and water sectors its specialiity
PlatSurF, a nano-emulsion fluid, improves the flows and production rates in previously damaged oil wells by reducing the amount of wastes and residues generated.