TPT March 2018

I NDUS T RY

FrontRow acquires ClearWell Oilfield Solutions FRONTROW Energy Technology

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 $700mn by 2020, we see tremendous potential for ClearWell and are excited to support its ambitious growth plans.” ClearWell, which will relocate its head office inSouthampton, UK, toFrontRow’s technology centre in Aberdeen, plans to grow its existing number of units in the field by around 400 per cent 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,

Stuart Ferguson

Group has announced the acquisition of ClearWell Oilfield Solutions, an oil and gas technology company focused on flow assurance and production optimisation. FrontRow has acquired 50 per cent of ClearWell from the previous owner, MSL Oilfield Services, which retains the remaining 50 per cent. 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 build-up, which can substantially reduce the economic life of fields. The oilfield

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.” FrontRow Energy Technology Group – UK Website: www.frontrow-energy.co.uk

Material handling solutions for your industry Improved storage capacity

Safer product handling Increased productivity Less product damage

Visit Us Hall 6, G12

27

www.read-tpt.com

MARCH 2018