UK's Hunting awarded organic oil recovery work from operators in North Sea [Yahoo! Finance]
Oceaneering International, Inc. (OII)
Last oceaneering international, inc. earnings: 2/24 05:01 pm
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Source: Yahoo! Finance
The UK-based energy services company has not disclosed the operators' identities but confirms the deals could be worth as much as $60m over five years. Hunting said the OOR process is an enhanced oil recovery (EOR) technology that enhances reservoir performance, improves recovery rates and lowers in-situ hydrogen sulphide levels for operators. The technology is eco-friendly, does not require extra capital investment from the operator and has a smaller carbon footprint compared with other EOR methods, the company said. Hunting's delivery of specialised water flood OOR technology aims to increase recoverable reserves and prolong the operational lifespan of various assets within the North Sea operators' portfolios. The application of OOR is also key in promoting sustainable energy practices by revitalising brownfield producing assets. Hunting chief executive Jim Johnson said: “Today's announcement is a significant step in the expansion of the OOR technology and shows confidenc
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OII
Earnings
- 10/23/24 - Miss
OII
Sec Filings
- 11/21/24 - Form 8-K
- 11/12/24 - Form 4
- 11/7/24 - Form 144
- OII's page on the SEC website