Post by
AboveBoard on Sep 01, 2022 11:18am
Update? UAE?
From management discussion...
During the second fiscal quarter, the Company, through a local Distributor, commenced initial well stimulation work with the NOC of the United Arab Emirates (“UAE”). Various NOC entities in the UAE operate in three distinct areas – onshore, islands, and offshore. The Distributors’ initial Powerwave stimulation work has been completed in onshore extended reach horizontal wells. The Company and its various Distributors in the UAE are working to secure further work in all three functional areas of the NOC. We anticipate further uptake of Powerwave-related technology as the fiscal year progresses.