Resmetrics.png
EGI_ENPG.png
ENERPROCO_Gotham_Font.png

PRESS RELEASE

NAKASAWA RESOURCES Joins Forces With ENERPROGROUP, Amplifying Both Companies' Thermal Enhanced Oil Recovery ("TEOR") And Cyclic Steam Stimulation ("CSS") Project Portfolios.

 

MIAMI, FL (U.S.A.), March 15, 2021 13:00 PM Central Standard Time – NAKASAWA RESOURCES, a leading upstream technology company focused on the development of global oil and gas production, today announced a partnership with ENERPROGROUP, a well-respected enhanced oil recovery (EOR) industry leader in the commercialization of chemical and hydrocarbon gas-based EOR technologies. The multi-year partnership will allow them to enhance their offerings in integrated technical services and EOR project portfolios throughout Indonesia, Malaysia, Brunei and Uzbekistan.

 

The official agreement grants ENERPROGROUP the right to act as Nakasawa Resources’ exclusive partner in these four countries. It is now able to promote and develop business opportunities in the field of Thermal Enhanced Oil Recovery (TEOR) for Nakasawa’s technologies, products and services.

 

“Through this partnership, we will be able to continue growing the presence of our Global Steam Injection Center, allowing companies to benefit from our wide range of services, with options ranging from reservoir analysis to reservoir variable monitoring and control to oil production optimization,” said Mr. Jose Wilfredo Molina, President and Founder of Nakasawa Resources. “We are confident that ENERPROGROUP’s services and expertise in chemical EOR and our one-of-a-kind technological developments will help us transform the oil and gas industry in the years to come.”

 

Nakasawa Resources’ expansion will pave the way for the adoption of new steam injection equipment and technologies, such as the Super Matroid Heater™ (the "SMH"), the company’s latest EOR development. This innovative product ensures increased profits from produced oil, resulting in higher value projections. The SMH also allows for increased heat transfer to the reservoir and greater thermal efficiency, improving surface- and reservoir-level steam quality to increase productivity.

 

“Together, ENERPROGROUP and Nakasawa Resources have the globally proven capability to simplify the complex production recovery process using TEOR and to make our clients’ heavy-oil reservoirs more profitable assets,” stated ENERPROGROUP’s President and Co-Founder, Dr. Frengky Chaniadi, MBA.

ENERPROGROUP can now offer its clients new technologies and services, such as Nakasawa’s SMH. These will complement ENERPROGROUP’s offering by incorporating steam injection into its EOR technologies and integrated services portfolio. The two companies will also collaborate on integrated projects in existing ENERPROGROUP territories, offering the following Nakasawa Resources services:

  • Drilling and completion

  • Surface facilities

  • Steam Injection services

  • Operations, surveillance and maintenance

 

“This new partnership in innovative TEOR technology, including the use of the Super Matroid Heater™, will provide value-added benefits to our heavy-oil owners and operators worldwide,” said Mr. Rizvi Shihab, MSc, COO and Co-Founder of ENERPROGROUP.

 

For additional information, visit nakasawaresources.com and enerprogroup.com.

 

###

 

About NAKASAWA RESOURCES

Nakasawa Resources, founded in 2001, is a global leader in upstream oil and gas production technologies. Since its foundation, the company has been guided by one fundamental principle: Efficiency. Nakasawa is committed to generating profitable results through the design, development, and manufacture of innovative technologies, which has allowed it to successfully manage large-scale projects from design to completion and maintenance.

About ENERPROGROUP LLC

Headquartered in Houston, Texas, U.S.A. and a regional office in Jakarta, Indonesia, ENERPROGROUP is an independent production enhancement technology company that provides proprietary EOR technologies and a multi-disciplinary petrotechnical consultancy with expertise in all upstream disciplines - from geology and geophysics to reservoir, production engineering and petroleum economics for Oil & Gas Offshore and Onshore in Conventional and Shale/Unconventional Reservoirs. Since establishment, ENERPROGROUP has been commercially partnering with world-class EOR technology providers for Full-Field Implementation and upstream oil & gas vendors to synergize our in-house sub-surface capabilities, unlock reservoir value, amplify production recovery and ultimately help oil & gas clients/operators sustain optimum return on invested capital. See https://www.enerprogroup.com/

 

["Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This joint press release contains or may contain forward-looking statements such as statements regarding both companies’ growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which companies operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the companies’ filings, whenever applicable. The Companies assume no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.]

 

Media contact:

Angie Diaz,

Manager, LLYC

Miami, Florida

T: +1 (786) 590-1000

adiazg@llorenteycuenca.com

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

ENERPROGROUP and RESMETRICS Signed a Technology Partnership Agreement for Quantitative Tracer Technologies.

HOUSTON, TX, November 1, 2019 10:15 AM Southern Standard Time — ENERPROGROUP, an international EOR technologies company and ResMetrics, the pan-American leader in advanced tracer diagnostics, have signed a multi-year agreement to deploy quantitative chemical tracer technologies across ENERPROGROUP’s Enhanced Oil Recovery (EOR) projects worldwide.

With this partnership agreement, ENERPROGROUP and RESMETRICS aim to synergize each other’s deep expertise in EOR, complete the deployment of ResMetrics’ fleet of single well and/or interwell tracer testing equipment as a data-driven, connected and networked functionality, to enable collaboration and enhance sub-surface analysis, optimize flow quantification, increase reservoir conformance  and support oil & gas operators’  to measurably augment productions and oilfield operations near real time.

ResMetrics will deploy post-processing hubs with the latest Chemical Tracer Technologies and Performance Analytics capabilities with PetroXY web application and cloud data delivery, leveraging RESMETRICS’ quality control systems and state-of-the-art analytical laboratory and intelligence platform at scale.  

ENERPROGROUP and ResMetrics will complement their respective EOR technical know-how, lean processes and oilfield leadership development expertise using digital technologies to accelerate best practice adoption enterprise-wide. Both companies are committed to co-developing and co-deploying tracer diagnostic workflow solutions at oil & gas operators aimed at fostering value-based EOR Technologies solutions and promoting precision frac diagnostics along the EOR pathway.

“We are excited in announcing this partnership which brings together two organizations driven to creating new solutions for operators looking to improve the effectiveness of their enhanced oil recovery programs.”- said Sharad Behal, CEO, ResMetrics, Houston, TX, U.S.A.

 

On the company’s enduring success, ENERPROGROUP’s President, Dr. Frank Chaniadi further affirmed, “as an international EOR Technologies Leader, we are delighted to be cooperating with ResMetrics to enable broader access to the cutting-edge, oilfield-proven Tracer Technologies across our EOR projects worldwide.”

 

About ENERPROGROUP LLC (“ENPG”)

ENPG is an international EOR Technologies Leader. Since establishment, the company has been a recognized C-EOR solutions provider, championing the integrated excellence in the commercial implementation of C-EOR technologies worldwide, amplifying oil & gas client-operators’ production, increasing proven development reserves, reducing water cut and ultimately helping them achieve maximum return on investment (ROI). See http://www.enerprogroup.com.

 

About ResMetrics

ResMetrics is an oilfield services company that specializes in providing advanced reservoir diagnostics through the use of chemical tracers. Our technologies enable our clients to increase recovery factors in conventional & unconventional reservoirs by validating reservoir development strategies, completion programs, and stimulation designs. See https://resmetrics.com/

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

ENERPROGROUP LLC is Shortlisted for International Competitive Bidding Process Towards Alkaline-Surfactant-Polymer (“ASP”) Supplies to CAIRN Oil & Gas (India).

 

HOUSTON, TX, March 13, 2018 3:00 PM Southern Standard Time — ENERPROGROUP LLC/PT ENERPROCO GLOBAL INDONESIA, an international EOR technologies company, received pre-qualification today as one of the three (3) approved Chemical Enhanced Oil Recovery (“C-EOR”) companies’ and/or consortium leaders to supply ASP (Alkaline-Surfactant-Polymer) for the C-EOR full-field implementation. The pre-qualification criteria are inclusive but not limited to Financial, Technical Competency, Capability, Supply, HSE and Quality performances.

 

Project background: Mangala, Bhagyam and Aishwariya (“MBA”) are excellent conventional reservoirs and form the backbone of the prolific Rajasthan block with ~2.1 Billion barrels of oil in place. The fields were discovered in 2004 and brought into production in a staggered manner starting 2009. Major infrastructure is already in place in the area with a central oil processing facility (Mangala Processing Terminal – MPT), ~ 550 wells (combination of producers and injectors across the MBA fields), well pads, intra-field pipelines, power & injection systems and crude evacuation facilities.

 

The MBA fields have been an example of innovative reservoir management techniques since inception. Subsequent infill campaigns and production optimization efforts have pointed to improvement in recovery factors better than what was initially envisaged. In 2014, polymer flood was implemented in the Mangala field, the largest such implementation in the world. Based on the success of the polymer flood in Mangala, polymer flood is also under implementation in Bhagyam and Aishwariya fields. To further increase recovery from MBA, a successful ASP pilot was also implemented in the Mangala field. Based on the results of the pilot and various studies, full field ASP implementation is now being planned across the three fields, per the 2016 SPE paper (SPE-179700-MS).

 

About ENERPROGROUP LLC (“ENPG”)

ENPG is an international EOR Technologies Leader. Since establishment, the company has been a recognized C-EOR solutions provider, championing the integrated excellence in the commercial implementation of C-EOR technologies worldwide, amplifying oil & gas client-operators’ production, increasing proven development reserves, reducing water cut and ultimately helping them achieve maximum return on investment (ROI). See http://www.enerprogroup.com.

 

About VEDANTA LIMITED/CAIRN OIL & GAS (“CAIRN”)

Vedanta (erstwhile Cairn India Limited merged with Vedanta Limited w.e.f. April 11, 2017, pursuant to NCLT order dated March 23, 2017) is a globally diversified natural resources company with interest in Zinc, Iron Ore, Aluminum, Copper, Power and Oil & Gas. Through Cairn, its upstream Oil and Gas vertical, Vedanta is the operator of the Onshore RJ-ON-90/1 block, the country’s largest onshore discovery in 30 years and has 38 oil and gas discoveries including the prolific Mangala, Bhagyam and Aishwariya fields with a total resource potential of ~6.4 Billion barrels of hydrocarbon in place.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

ENERPROGROUP LLC and ULTIMATE EOR SERVICES LLC Signed a Long-Term Partnership Agreement.

 

AUSTIN, TX, January 12, 2018 09:00 AM Southern Standard Time — ENERPROGROUP LLC/PT ENERPROCO GLOBAL INDONESIA, an international EOR technologies company, today announced the mutual execution of Partnership Agreement and Exclusive Licensing Agreement (for patented super chemicals) with the Ultimate EOR Services LLC (“UEORS”), a global leader and commercial spin-off company from the Petroleum Engineering R&D Centre of The University of Texas at Austin, U.S.A.

 

This new partnership is anticipated to spark innovation, reinforce both companies’ leadership positions in the Chemical Enhanced Oil Recovery (“C-EOR”) technologies and additional R&D in the Petroleum and Chemical industries by improving our in-house talents and top-notch resources for chemical cocktails solutions development, while driving commercial scale, economies of speed and efficiency in the partners’ respective value chain.

 

The partnership is a strong strategic fit, capitalizing on the two leading companies’ respective strengths in petroleum and chemical industries as well as integrated excellence in project management to revitalize oil production in mature and pressure-depleted oilfields throughout Southeast Asian countries.

 

ENERPROGROUP’s project portfolio is “an enhancement to our bespoke solutions to oil & gas operators’ most difficult reservoir challenges worldwide,” said Professor Mojdeh Delshad, PhD, President & CEO of UEORS. “Embarking on this perfect partnership (of mutual benefits) with ENERPROGROUP, not only amplifies our C-EOR technology offerings particularly in custom chemical reformulations, advanced laboratory services and our patented super chemical products, but also extends our commitment we made to our worldwide oil & gas clients to bring them the world’s best Chemical EOR Technology available today.

 

Mr. Rizvi Shihab, COO of ENERPROGROUP, reaffirmed, “UEORS is world’s expert and trusted partner in our C-EOR implementation, will help accelerate the delivery of our integrated excellence of C-EOR solutions and chemical manufacturing/blending to various operators of mature oilfields in our chosen markets. We are very excited to partner with UEORS as we focus our combined energies serving a broader range of oil & gas fields with industry-leading chemical cocktails solutions.

 

About ENERPROGROUP LLC (“ENPG”)

ENPG is an international EOR Technologies Leader. Since establishment, the company has been a recognized C-EOR solutions provider, championing the integrated excellence in the commercial implementation of C-EOR technologies worldwide, amplifying oil & gas client-operators’ production, increasing proven development reserves, reducing water cut and ultimately helping them achieve maximum return on investment (ROI). See http://www.enerprogroup.com.

 

About ULTIMATE EOR SERVICES LLC ("UEORS")

UEORS is a world-renowned, leading expert in the Petroleum and Chemical Industries. Located in Austin, TX, UEORS provides its partners a competitive edge by offering extensive petroleum and chemical solutions, petroleum engineering knowledge and unmatched technical expertise in custom chemical solutions and C-EOR laboratory services, and professional value-added services. For more information, visit the web at http://www.ueors.com.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 

ENERPROGROUP LLC, PT. BADAK LNG AND CHIYODA INTERNATIONAL CORPORATION Announced the establishment of an International Joint Venture NewCo to Service the Global LNG Plants.

 

HOUSTON, TX, December 2, 2017 8:30 AM Southern Standard Time — ENERPROGROUP LLC, an international EOR technologies company, announced today its wholly-owned subsidiary of ENERPROCO LLC, has entered into a definitive agreement to create a joint venture NewCo, with PT BADAK LNG - the world’s first and one of the largest LNG producers and is a direct subsidiary of Indonesian National Oil Company, PT PERTAMINA (PERSERO); and CHIYODA INTERNATIONAL CORPORATION – a wholly-owned subsidiary of CHIYODA CORPORATION of Yokohama, Japan and is the #1 contractor in the world for LNG facilities and control over 40% of the global market for LNG design, engineering, procurement and construction.

 

The NewCo will be named BADAK CHIYODA ENERPROCO LLC (“BChE”; http://www.bche-usa.com) and is headquartered adjacent to the Energy Corridor of Houston, Texas, U.S.A. BChE will provide LNG Plant EPC (engineering, procurement and construction), management and supervision of commissioning and start-up services, sourcing and contractor management solutions and energy project engineering development. 

 

Under each collective project awards and definitive agreements, PT Badak, Chiyoda and ENERPROCO will provide equity infusions and share financial, technology and human capital resources with the intent to jointly design, construct, operate, decommission and provide startup services for various US-based LNG projects. Our initial clients’ projects include two North-American based Cameron LNG Project (Hackberry, LA; http://cameronlng.com/) and Freeport LNG Project (Freeport, TX; http://freeportlng.com/) and will be extended to more LNG Megaprojects worldwide. Upon incorporation, BChE will begin supplying technical services and highly-skilled LNG human capitals to the LNG projects under various EPCIC agreements.

 

About ENERPROCO LLC (“ENPC”)

ENPC (http://www.enerproco.com), a Houston-based company and is a wholly-owned subsidiary of ENERPROGROUP LLC (“ENPG”) - an independent oil and energy engineering and technology specialist and a global provider of innovative Chemical EOR solutions. Since establishment, the company has been a recognized C-EOR solutions provider, championing the integrated excellence in the commercial implementation of C-EOR technologies worldwide, amplifying oil & gas client-operators’ production, increasing proven development reserves, reducing water cut and ultimately helping them achieve maximum return on investment (ROI). See http://www.enerprogroup.com

 

About PT BADAK LNG (“PTB”)

PTB (http://www.badaklng.co.id) produces and supplies liquid natural gas (LNG) for customers in Indonesia and internationally. It also offers plant operation and maintenance services for LNG plants; and learning programs. The company was founded in 1974 and is based in Bontang and Jakarta, Indonesia. PTB operates as a subsidiary of PT Pertamina (Persero) (https://www.pertamina.com/).

 

About CHIYODA INTERNATIONAL CORPORATION (“CIC”)

For over 40 years, CIC (http://www.chiyoda-us.com/), established in the U.S. in 1973 as a fully owned subsidiary of Chiyoda Corporation, has served the diverse needs of Clients in energy, chemicals, petrochemicals and industrial facilities. CIC’s operations provide value added and integrated solutions to the clients in the Americas. Founded in 1948 in the post war period to reconstruct Japan, Chiyoda started its engineering business for domestic projects mainly in the petroleum refining, gas processing and petrochemical fields, and expanded into overseas projects in the 1960’s. Since then, The Chiyoda Group has been and is growing steadily under the corporate philosophy of enhancing its business by aiming for harmony between energy and the environment and contributing to the sustainable development of society. See https://www.chiyodacorp.com.

 

This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.

NAKASAWA RED.png