Wavefront Technology Solutions, a technology provider offering fluid delivery processes to oil and gas producers, commenced work on the approx. USD 1.3M Ecopetrol contract. This is Wavefront’s second Powerwave project with Ecopetrol.
The installation of the 22 Powerwave pulsating selective waterflood regulator valves installed in seven wells with Ecopetrol means that Wavefront will commence revenue recognition on the majority of the project. This second Ecopetrol project also features the installation of two conventional Powerwave waterflood tools in one well, and three Powerwave single-well stimulations. The waterflood tool installation and single well stimulations are anticipated to be completed the later part of summer 2014.
