Ecolog International and SMARTLINE Technology Signed a Strategic Partnership Agreement to Provide the Oil & Gas Industry With an Innovative Solution Allowing Faster Drilling, Lower Cost and Up to 90% Reduction in Water Consumption
• Agreement underlines Ecolog Group's commitment to driving efficiency and sustainability in the hydrocarbon services through integration of advance technologies.
• Solution, leveraging the patented SMARTSITE™ technology, aimed at enhancing drilling efficiency, optimizing cost, improving environmental footprint and considerably reducing water consumption.
DUBAI, UAE, March 16, 2020 /PRNewswire/ -- Ecolog International, a leading global provider of integrated services, technology, environmental solutions, logistics, facility management, as well as construction and SMARTLINE Technology, a provider of pioneering drilling mud treatment technologies, signed a strategic partnership agreement to provide an integrated and innovative solution to the hydrocarbon industry. Built upon the patented SMARTSITE™ technology, the integrated pit-less and de-watering solution is intended to improve drilling efficiency and considerably reduce the water consumption.
The cooperation between Ecolog and SMARTLINE Technology will provide the hydrocarbon industry with an integrated and fully mobile closed loop fluid management system that enables customers to treat Oil Based Mud (OBM) and Water Based Mud (WBM) in a more sustainable and economic manner. SMARTSITE™ enables operators to drill faster and reduce the water consumption used for drilling by up to 90%. It also helps eliminate the need for waste pits, which results in reducing the overall cost of drilling operations while improving the environmental footprint.
Commenting on the agreement, Ali Vezvaei, Group Chief Executive Officer of Ecolog International, said, "This partnership marks another milestone in our growth journey, while disrupting the traditional business model, driving decarbonization of the oil and gas industry and providing our customers with the much-needed sustainability and productivity."
Don Smith, President of SMARTLINE Technology, added, "SMARTSITE™ technology is built on efficiency and based on experience. Our agreement with Ecolog International allows us to jointly serve markets and customers, where the solution is required to significantly increase drilling performance, while improving environmental standards and working conditions."
About Ecolog International
Ecolog is a leading provider of integrated solutions, supply chain and logistics, technology, construction, facility management and environmental services. It provides turnkey and customized solutions and services to governments and defense, commercial clients in the energy, Oil & Gas, Mining and Infrastructure sectors as well as humanitarian organizations.
Incorporated more than two decades ago, Ecolog has carried out over 1,100 projects and is active in more than 40 countries, leveraging a pool of nearly 12,000 committed people in more than 150 locations around the globe.
About SMARTLINE Technology
SMARTLINE TECHNOLOGY LLC is a provider of advanced pitless drilling and dewatering technologies. Rooted and developed in North America, using a combination of science and experience-based understanding of operational requirements in the field, SMARTLINE TECHNOLOGY LLC has innovated a highly cost effective technology to substitute outdated well site dewatering and waste disposal practices.
SOURCE Ecolog
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