Clariant Oil Services invests in an enhanced oil recovery technology and services company
MUTTENZ -- Specialty chemicals company Clariant today announced its investment in Ultimate EOR Services, a provider of enhanced oil recovery solutions based on proprietary technologies developed within the Center for Petroleum and Geosystems Engineering at The University of Texas at Austin (UT).
Ultimate EOR Services has made discoveries which have improved the efficiency of enhanced oil recovery solutions and lowered its costs. Its services include: candidate reservoir screening, developing surfactant formulations for specific reservoirs, advanced modeling of oil field performance and full field optimization.
Ultimate was formed in 2012 to commercialize further several proprietary technologies, both patented and patent-pending, and services developed within and currently operating at UT’s Center for Petroleum and Geosystems Engineering.