Hunting PLC (“Hunting” or “the Company” or “the Group”) Organic Oil Recovery Pilot Test Result
As noted in the announcement, production within the oil wells reported a 100% uplift, and in one well reduced the water cut to zero.
Hunting is delighted with this successful pilot treatment, which highlights the impact that the Company’s OOR solution can have on oil production.
Commenting on this result,
“This well result supports our confidence in the OOR technology, as a lower cost enhanced oil recovery solution which can be utilised in many oil wells globally.”
About
Hunting is a global, precision engineering group that provides precision-manufactured equipment and premium services, which add value for our customers. Established in 1874, it is a listed public company, quoted on the
The Group reports in US dollars across five operating segments:
The Group also reports revenue and EBITDA financial metrics based on five product groups: OCTG; Perforating Systems; Subsea; Advanced Manufacturing; and Other Manufacturing.
Hunting PLC’s Legal Entity Identifier is 2138008S5FL78ITZRN66
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