Monumental, NZEC develop production chemical for New Zealand oil field pilot
(WO) — Monumental Energy Corp. and operating partner New Zealand Energy Corp. (NZEC) have developed a proprietary chemical formulation designed to improve flow assurance and production stability in wells producing from New Zealand's Taranaki basin.
The companies said the formulation was developed in collaboration with Texas-based 13 Specialty Chemicals Ltd. and is intended to reduce wax buildup, maintain crude flow and improve pumping performance without requiring permanent modifications to existing field infrastructure.
According to Monumental, the treatment consists of a recovery formulation designed to restore pumpability and a maintenance treatment intended to prevent wax reformation and support continuous flow.
The companies are now preparing for a field pilot to evaluate the technology. Planned next steps include selecting pilot wells, finalizing the chemical formulation, deploying the treatment and optimizing its performance under field conditions.
"We contracted 13 Specialty Chemicals earlier this year to develop a chemical blend that will help increase production and improve flow stability," said Maximilian Sali, CEO of Monumental Energy. "The formulation is designed to reduce wax buildup around pumps and maintain the oil in a more flowable state, supporting stronger production and field optimization."
Monumental said the proprietary formulation could also have commercial applications beyond its own operations if field testing proves successful.
The companies expect to provide additional updates after the pilot program has been completed and the results have been evaluated.
