NEWS RELEASE:
Kuala Lumpur, Malaysia – 31st October 2022
During the Oil and Gas Asia (OGA 2022) in Kuala Lumpur, Malaysia, the two companies signed a Partnership Agreement to join forces in the areas of reservoir imaging and characterisation, field development, enhanced recovery, and underground energy storage technologies. Through this collaboration, their innovation capabilities and service offering will be expanded in East Asia.
With more than 30 years’ experience at international level and direct access to the local market, the partnership will address the increased need of tailored technological expertise for oil production in maturing fields and underground energy storage (Carbon Capture and Sequestration, Hydrogen) in the region.
One-Stop Solutions Provider
A wide range of services reflecting the latest thinking, development, and technologies will be offered to energy companies, authorities and governmental institutions to create value and optimise costs. They will help them to minimise exploration, field development and energy storage risks, accelerate laboratory processes with the usage of the leading Microfluidics technology for Hydrogen (H2) and carbon capture and sequestration (CCS). Finally, HOT´s top- notch training courses will support these companies in building a valuable workforce.
Dr Diethard Kratzer, CEO & Founder, The HOT Energy Group commented: “Together with our consortium UEST (Underground Energy Storage Technologies) we are a one-stop solution provider – from prospect assessment, operational planning, drilling, workover and well engineering solutions, all the way through to surface facilities – you have one contractor for your project.”
Sami Khan, Azimuth GeoSolutions, President added “We have considerable experience in processing of extremely large marine and land 2D and 3D seismic surveys in both conventional and Pre-Stack Time or Depth Migration processing. Thanks to this partnership, we are now in the position to offer a wide spectrum of high-quality services to our customers”.