Wavefront Powerwave Technology to Revive Oil Platform Off the California Coast

Energy Resource, March 18, 2009

ENERGY RESOURCE-18 March 2009-Wavefront Powerwave Technology to Revive Oil Platform Off the California Coast(C)2009 JeraOne - http://www.jeraone.com

Wavefront Energy and Environmental Services Inc. today said that an offshore oil platform off the coast of California will use its Powerwave technology to boost water injection and revive oil production.

"This is a considerable opportunity for Wavefront as about one quarter of all oil is produced from offshore platforms in the Gulf of Mexico, Persian Gulf, North Sea, and West Africa," said Wavefront President and CEO Brett Davidson.

Davidson added, "In 2008, the depletion rate of the world's oil fields was greater than expected at 9.1% over the previous year. With time and increased demand, oil production rates will see steeper declines, and all producers will look for the best production practices to help them remain profitable. Wavefront's Powerwave is a highly effective method for improving oil recovery that will fill a dominant role in boosting production around the world."

Wavefront specializes in designing and developing leading-edge techniques for oil well stimulation, improved oil recovery, and environmental groundwater remediation.

((Comments on this story may be sent to newsdesk@jeraone.com))

((Distributed via M2 Communications Ltd - http://www.m2.com))