TouGas Oilfield Solutions Selected to Present at CleanEquity Monaco 2015 - Company Announces Successful Shale Gas Project in China
LONDON, Jan. 26, 2015 /PRNewswire/ -- TouGas Oilfield Solutions will present at CleanEquity Monaco 2015 on March 5th & 6th at the Oceanographic Museum of Monaco.
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CleanEquity Monaco is an annual invitation-only event hosted by Innovator Capital, the London based boutique investment bank. Other partners and sponsors include Prince Albert II of Monaco's Foundation, Covington & Burling, Porto Novelli, PR Newswire, Cranfield University, the Monte-Carlo SBM, Oceanographic Museum of Monaco and Monaco Chamber of Economic Development.
TouGas Oilfield Solutions has been identified by an expert panel as one of the world's most innovative cleantech companies and has been selected to present to senior financial and strategic cleantech investors, policy makers, legislators, end users and media.
In addition, TouGas Oilfield Solutions announced today that the company's products have been successfully deployed in a hydraulic fracturing operation in China. A successful hydraulic fracturing operation executed by Petro-king Oilfield Services has confirmed the environmental and economic benefits of the TouGas technology.
"I am pleased to report about this successful field deployment in such a rapidly growing market like China. We have demonstrated that TouGas can help our customer to reduce the environmental impact of hydraulic fracturing while further improving their competitiveness," says Dr. Tore Land, CEO of TouGas Oilfield Solutions.
"We have been deeply impressed by the excellent technology position of TouGas and its focus on developing customer specific solutions. After having pumped commercial quantities of fluid with TouGas product we can confirm significant customer benefits. These products reduce the consumption of fresh water, eliminate the need to use any biocides and offer the potential for cost reduction and improved well productivity. This is an attractive value proposition for customers in the oil and gas industry," says Mr. Lin JingYu, Vice President of Petro-king Oilfield Services, responsible for the production enhancement division.
About TouGas Oilfield Solutions
TouGas Oilfield Solutions develops and commercializes proprietary products and related services for well stimulation, hydraulic fracturing and enhanced oil recovery. TouGas is headquartered in Frankfurt (Germany) and serves an international customer base in the oil and gas industry (www.tougas-oil.com).
About Innovator Capital
Innovator Capital is a boutique investment bank advising emerging technology companies from around the world. Established in 2003, Innovator focuses on the provision of expert strategic and capital markets advice, transaction arranging and M&A services for private and public companies.
SOURCE Innovator Capital
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