SOLON, Ohio, Oct. 2, 2018 /PRNewswire-PRWeb/ -- Finalists for the 2018 World Oil Awards have been announced, and Locus Bio-Energy Solutions™, LLC's (Locus Bio-Energy) AssurEOR product line was chosen for its advancements in the production chemicals category. The prestigious awards, developed by World Oil and Gulf Energy Information, honor leading innovations in upstream oil applications that are positively impacting the industry. The winners will be announced at a black-tie gala in Houston on October 11.
There has been an increasing need for new technology in the upstream oil sector, specifically in the development of production chemicals that offer environmental, safety and production benefits. Using a unique fermentation technique that allows for customization and quick deployment, Locus Bio-Energy developed the first non-toxic, non-bacterial biochemical treatment program that is rapidly tailored to each treated well, and has been proven to have extended production increases.
The AssurEOR line, named for its enhanced oil recovery benefits, consists of two product offerings—AssurEOR FLOW™, a paraffin dispersal treatment, and AssurEOR STIM™, an enhanced oil recovery treatment. Both products are as potent as chemicals without HSE issues, and are designed to overcome specific well conditions and challenges, ensuring maximum efficacy. In addition to consistent increases in production, the treatment program offers an array of additional benefits to E&P users, from decreasing safety concerns and increasing asset value to qualifying for tax credits in certain states—factors that led to its finalist position in the World Oil Awards.
"There was a large hole in product offerings for well maintenance and oil recovery that were not only consistently effective, but also sustainable and profitable. Locus Bio-Energy solved that," said Dr. Kirk Raney, principal upstream oil applications consultant for Locus Bio-Energy and the nominator for the World Oil Awards. "The AssurEOR treatments create the first personalized program that increases production by up to 500% and significantly increases recoverable reserves. It's a huge win for the industry, and we're honored that it has been distinguished as a top technology by the judges."
Almost 290 submissions were entered for the World Oil Awards, with a handful of finalists selected across 18 key categories. Entries were judged on the details of the technology developed, and their impact on the industry, including advancements in safety, cost savings, efficiency and more.
After successful treatments in the Appalachian basin, AssurEOR FLOW and AssurEOR STIM treatments are now also being offered in Permian and Powder River basins. Plans are in progress for expansion into additional regions. For more information on the technology, results, pricing, potential tax breaks or availability, visit LocusBioEnergy.com.
About Locus Bio-Energy Solutions™, LLC
Locus Bio-Energy Solutions™, LLC offers patent-pending treatments based on the by-products of non-GMO microorganisms for oil applications that are cost-competitive, biodegradable and safer than current chemical and traditional treatments, with even better results. A world-class team of R&D scientists have solved many of the problems plaguing other biological product-based treatments with the development of AssurEOR FLOW™ and AssurEOR STIM™. The products include customized treatments optimized for specific well conditions for enhanced oil recovery, viscosity reduction, and paraffin wax and asphaltene dispersal, including the cleaning of rods, pipelines and flow lines, casings and solidified storage tank bottoms. For more information, visit LocusBioEnergy.com.
SOURCE Locus Agricultural Solutions
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