Oil and Gas Technology Fund, Inc. (OGTF) of League City, Texas is Pleased to Announce It's Entry Into the Arena of Microbial Enhanced Crude-Oil Recovery (MEOR)
OGTF has successfully negotiated the rights to represent a genetically designed custom strain of microbes for use in a microbial based blend of well treatment fluids that will literally eat away reservoir paraffin blocking the resumption of crude oil production in shut-in oil fields. Formation of reservoir paraffin is one of the single most significant reasons that producing oilfields must be abandoned even though 70% or more of the original oil in place remains behind, unproduced.
League City, TX, November 08, 2012 --(PR.com)-- Oil and Gas Technology Fund, Inc. (OGTF) of League City, Texas is pleased to announce it's entry into the arena of Microbial Enhanced Crude-Oil Recovery. (MEOR) see: www.ogtf.com/meor.html
OGTF has successfully negotiated the rights to represent a genetically designed custom strain of microbes for use in a microbial based blend of well treatment fluids that will literally eat away reservoir paraffin blocking the resumption of crude oil production in shut-in oil fields. Formation of reservoir paraffin is one of the single most significant reasons that producing oilfields must be abandoned even though 70% or more of the original oil in place remains behind, unproduced.
OGTF is currently evaluating certain California based oil and gas prospects for acquistion and full scale testing of the technology which it believes will react very favorably within certain oil field environments. Oil and Gas Technology Fund expects to announce the formation and roll out of it's new Petroleum Industry Services company before the end of 2012 which will manage and operate planned oil field acquisitions.
The blend coded WMI2000 has received clearance from the Bureau of Human and Health Services and also meets EPA requirements. In early testing and in certain environments, the results have been highly promising, and in one case, even spectacular, increasing production flow by as much as 6000 per cent with very low injection and maintenance costs.
Because these high tech "bugs" only require a low tech, low cost delivery system, marginal and abandoned oil fields may be acquired and for very low costs, returned to their previous production rates, or in some cases, even higher rates of production than during initial primary production.
Oil and Gas Technology Fund is also providing various white papers which may be requested by emailing info@ogtf.com with Subject: White Papers.
Publishers Note:
For more information or to submit your oilfield for consideration please write info@ogtf.com
or visit our website at www.ogtf.com and click on "Public Pages"
OGTF has successfully negotiated the rights to represent a genetically designed custom strain of microbes for use in a microbial based blend of well treatment fluids that will literally eat away reservoir paraffin blocking the resumption of crude oil production in shut-in oil fields. Formation of reservoir paraffin is one of the single most significant reasons that producing oilfields must be abandoned even though 70% or more of the original oil in place remains behind, unproduced.
OGTF is currently evaluating certain California based oil and gas prospects for acquistion and full scale testing of the technology which it believes will react very favorably within certain oil field environments. Oil and Gas Technology Fund expects to announce the formation and roll out of it's new Petroleum Industry Services company before the end of 2012 which will manage and operate planned oil field acquisitions.
The blend coded WMI2000 has received clearance from the Bureau of Human and Health Services and also meets EPA requirements. In early testing and in certain environments, the results have been highly promising, and in one case, even spectacular, increasing production flow by as much as 6000 per cent with very low injection and maintenance costs.
Because these high tech "bugs" only require a low tech, low cost delivery system, marginal and abandoned oil fields may be acquired and for very low costs, returned to their previous production rates, or in some cases, even higher rates of production than during initial primary production.
Oil and Gas Technology Fund is also providing various white papers which may be requested by emailing info@ogtf.com with Subject: White Papers.
Publishers Note:
For more information or to submit your oilfield for consideration please write info@ogtf.com
or visit our website at www.ogtf.com and click on "Public Pages"
Contact
Oil and Gas Technology Fund, Inc
Glenn Sitter
412-294-8175
www.ogtf.com
Glenn Sitter
412-294-8175
www.ogtf.com
Contact
Categories