Wavefront awarded subcontract for UAE well stimulation
Wavefront awarded subcontract for UAE well stimulation
EDMONTON -- Wavefront Technology Solutions has entered into an agreement to provide its Powerwave technology to a top-tier service supplier for its operations in the United Arab Emirates.
The subcontract is with an undisclosed subsidiary for one of the world's largest oil and gas service companies.
Under the terms of the agreement, Wavefront will provide tools and training at a fixed monthly rate and will be paid 50% of the total monthly revenue related to Powerwave well stimulations generated by the service supplier. Wavefront and the service supplier are in the planning stages of an initial 3 stimulations slated for near-term completion.
