Oasys Water Signs Sales Agreement
National Oilwell Varco is the exclusive licensee of the company's membrane brine concentrator technology
Oasys Water recently signed an exclusive sales agreement with National Oilwell Varco, L.P. (NOV), a global provider of equipment and services used in the oil and gas market.
The agreement makes NOV the exclusive licensee of the Oasys membrane brine concentrator (MBC) technology in global upstream oil and gas for produced water treatment. NOV and Oasys will combine NOV’s operational and service capabilities with Oasys’ technology to deliver water reuse solutions into the global produced water market. The initial MBC 4000 system will be deployed in early summer 2014.
“Establishing this relationship with Oasys Water is a key part of our strategy to deliver water services and innovation across the entire exploration and production supply chain for the oil and gas industry,” said Dale Pierce, NOV new business development manager, North America. “Oasys’ proven water desalination platform is a natural fit with our strategy to provide industry-defining technologies, high quality and environmentally responsible solutions. We are pleased to make the platform part of our water services offering to customers in every region of the globe.”
In addition to accelerating commercialization in the oil and gas industry, Oasys secured a significant financing round earlier in 2013 to facilitate expansion into additional industrial markets, including power and refining. In October, Oasys also announced a relationship with leading Chinese EPC Beijing Woteer Water Technology Co., Ltd to provide the MBC technology as an alternative to conventional evaporative technologies in the industrial water treatment market in China.