Press

FrontRow Acquires ClearWELL Oilfield Solutions

Posted by Jenny Adams

24-May-2017

frontrow-energy.co.uk/


FrontRow Energy Technology Group Limited has today {22 May 2017} announced the acquisition of ClearWELL Oilfield Solutions, an oil and gas technology company focused on flow assurance and production optimisation.

FrontRow has acquired 50% of ClearWELL from the previous owner, MSL Oilfield Services, which retains the remaining 50%.

ClearWELL provides a non-intrusive, chemical-free, scale control system, using a surface-mounted device to induce pulsed, high-frequency signals into the piping system. These signals cause micro-crystals of scale to form and remain suspended in the produced fluid flowing through the pipework, rather than adhering to the internal pipe wall and restricting the flow of oil and gas.

FrontRow chief executive, Stuart Ferguson, said: “Increasing water production from maturing oilfield basins tends to bring with it many problems, including corrosion damage and scale buildup, which can substantially reduce the economic life of fields. The oilfield scale challenge alone currently costs the industry billions of dollars each year, because of scale prevention, scale remediation and deferred production.

“The installation of ClearWELL's units can reduce or, in many cases, remove the need for alternative treatment methods, which results in major cost and time savings for operators. With the global market for oilfield scale inhibitor set to reach $700 million by 2020, we see tremendous potential for ClearWELL and are excited to support its ambitious growth plans.

“FrontRow is focused on dramatically reducing costs in the oil and gas industry. ClearWELL is very much aligned with this ethos and will significantly add to our existing group of companies, which have technology and innovation at the heart of all they do.”

ClearWELL, which will relocate its head office in Southampton to FrontRow's technology centre in Aberdeen, plans to grow its existing number of units in the field by around 400% over the next five years.

Martin Clark, CEO at MSL Oilfield Services, said: “This acquisition marks a very positive step forward for ClearWELL, and we are excited to embark upon this relationship with FrontRow.

“We currently have units in operation across the world, many in the USA and Canada, and have been delivering solutions to a string of major oil and gas players for some time. With the support of FrontRow, we plan to maximise ClearWELL's full international potential.”

The acquisition comes after FrontRow secured a £10million investment from BGF in January 2017. ClearWELL adds to the firm's existing group companies which include Well-Centric and Well-SENSE.



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

frontrow-energy.co.uk/

FrontRowclearwellscale inhibitionAcquisition

More items from lynsey


DeltaTek banks eight-hours of rig time for Chevron with SeaCure technology

Well construction specialist, DeltaTek Global, has announced the inaugural deployment of its SeaCure technology. The work scope for Chevron North Sea took place on the West Wick subsea appraisal well which is being drilled from the Ocean Guardian. Providing major time and cost savings, the pionee ...

Jenny Adams


Posted 11 months agoPress > DeltatekSeaCureThe Oil & Gas Technology Centre +3

Hydro Group shines a spotlight on global business

Subsea cable and connector specialist, Hydro Group plc, has welcomed delegates from across the globe for its third annual Business Partner Forum.   Held at the company's Aberdeen headquarters, the three-day event from 9th-11 th October saw Hydro Group connect with 14 of its business partners fro ...

Jenny Adams


Posted 1 year agoPress > Hydro GroupSubseaAberdeen +2

Decom Challenges Addressed at Operator/Supply Chain Event

At its inaugural Collaboration and Innovation in Decommissioning event earlier this month, Decom North Sea brought together over 110 delegates – from operator and supply chain companies – to focus upon finding solutions to current and future decommissioning challenges. Working with the Oil and Gas ...

Jenny Adams


Posted 1 year agoPress

Industry Awards Set to Inspire Next Generation

STEM initiatives, training and educational events aimed at inspiring the next generation will once again be supported and highlighted by the Offshore Achievement Awards (OAAs). Operated by The Society of Petroleum Engineers (SPE) Aberdeen Section, the biggest and longest-established oil, gas and re ...

Jenny Adams


Posted 1 year agoPress

AgileTek reports exponential increase of international contracts

Award-winning subsea engineering analysis consultancy, AgileTek, has announced that it secured contracts to the value of £0.7 million so far this year, as the company continues to make its mark globally. The 40 projects, which includes work on North Sea umbilical projects and numerous European and ...

Jenny Adams


Posted 1 year agoPress > AgileTek
All posts from lynsey