Contract news8 Aug 2018 08:18
Significant news this morning with another contract secured in the expanding decommissioning and abandonment area.
Esp like the following:
"In addition, to the abandonment market, we also have products that are ready for deployment in subsea and surface production, two substantially larger markets than jack-up exploration, as well as a number of other applications that we are actively pursuing in other areas of the broader energy industry, such as geothermal, where we believe POS-GRIP can make a real difference in terms of performance and safety. It is important to remind our shareholders that as the world moves increasingly to gas consumption as a preferred hydrocarbon source, the importance of gas tight equipment, including wellheads is becoming critical, especially where for example methane leaks are concerned. Metal-to-metal sealing capabilities are therefore essential and we believe that our proprietary and patented POS-GRIP seal technology delivers the very highest standard of integrity and long term performance."