VeruTEK recently announced a joint marketing agreement with SEMJET, a provider of a unique, proprietary range of mechanical technologies for improving oil field productivity. The combined technologies provide a unique opportunity to substantially increase oil well productivity using VeruJET, a chemical blend optimized for jetting. The agreement extends both companies into a newly created market; high-performance fluids for jetting and stimulation.
SEMJET evaluated a range of products to identify the optimal fluid to use with its new Multi Lateral Jetting technology. The evaluation identified VeruTEK’s VeruJET fluid as the best overall product given its ability to work with SEMJET technology to deliver increased performance via extended reach and reservoir access.
This joint marketing agreement enables SEMJET and their domestic and international licensees to use VeruJET fluids in their commercial operations. It also provides the opportunity for SEMJET to sell VeruTEK fluids to jetting companies who currently employ legacy radial jetting technologies. While SEMJET Multi Lateral Jetting is unique in providing increased access to a reservoir from any existing wellbore at a true 90° angle to the casing, all jetting implementations will benefit from the extended stimulation reach and clean flow pathways provided by VeruJET fluids.
SEMJET’s field experience with VeruJET fluids indicates that all jetting implementations can experience increased productivity from the use of VeruJET chemistries optimized for jetting. To date, more than 1,000 jetting operations have been performed globally by specialized jetting companies including SEMJET.
“The basis for these synergies is VeruJET fluids prevent sidewall damage typically seen when using water only or acids as the jetting fluid,” stated Jeff Ayers, VeruTEK VP for Solutions Development.
Dale Joseph, Senior Vice President, SEMJET International, said, “After seeing the dramatic performance improvements VeruJET fluids brought to our own jetting implementations, we realized that working together, SEMJET and VeruTEK created a compelling value proposition for the marketplace. While we would like producers to consider SEMJET Multi Lateral Jetting services, we realize many have existing jetting relationships. We are pleased to work with other jetting firms to increase the productivity of oil fields through use of SEMJET’s tools and process, of which VeruJET fluids play an important role."
We are very excited to expand the scope of our EOR business by launching our new line of VeruJET fluids. These specialty chemicals target a full range of legacy jetting technologies currently in use in the broader jetting market. SEMJET is an excellent partner and we are very pleased to team with them to serve this fast growing new market.