2nd Feb 2015 13:03
For Immediate Release | 2 February 2015 |
Graphene NanoChem PLC
("Graphene NanoChem" or the "Group")
PlatDrill Testing Programme with One of the World's Top 5 Oil Companies
Graphene NanoChem (AIM: GRPH), the performance chemicals and advanced materials company, is pleased to announce that Scomi-Platinum Sdn Bhd, its joint venture company, has signed an agreement with one of the world's top 5 international oil companies ("IOC") for the testing and evaluation of the PlatDrill Series.
The agreement with an IOC that operates across the entire oil and gas industry value chains and markets, marks a significant milestone of the phased expansion of PlatDrill into new regions.
The ongoing deployment of PlatDrill is gaining strong market traction within the South East Asian region. It is the Group's objective to expand the market share for PlatDrill and the agreement with an IOC supports the objective of the Group in establishing presence and increasing sales worldwide.
The Group expects the tests to be completed by Q4 2015, following which the potential for the commercial way forward will be discussed.
Jespal Deol, Chief Executive Officer of Graphene NanoChem, commented: "I am delighted to announce thata leading IOC is formally assessing the potential of the PlatDrill Series. We have a unique technology platform that plays an important role in enabling faster drilling, reducing equipment downtime and improving output levels to drive down operating costs and that is why we believe many oil and gas players will be interested in what we have to offer."
For further information:
Graphene NanoChem | Tel: +603 2282 3080 |
Jespal Deol, Chief Executive Officer | |
Panmure Gordon (NOMAD and Broker) | |
Fred Walsh / Adam James / Tom Salvesen | Tel: +44 (0) 20 7886 2500 |
Tom Nicholson | Tel: +65 68248204 |
Buchanan | Tel: +44 (0) 20 7466 5000 |
Mark Edwards / Jason Day |
About Graphene NanoChem
Graphene Nanochem plc is a technology commercialisation company that operates two commercial platforms, the Advanced Chemicals platform that manufactures renewable chemical products for high growth sectors and the Advanced Materials platform that focuses on graphene nanomaterials applications for selected industries targeting high performance use.
Headquartered in Malaysia, Graphene Nanochem was admitted to the AIM of the London Stock Exchange on 26 March 2013, following the reverse acquisition of Biofutures International plc, and trades under the symbol GRPH.L.
To find out more, please visit www.graphenenanochem.com.
Related Shares:
Graphene Nanochem