Wescorp Energy Announces Solution to Help Manage Conventional, Unconventional Oil-Field Operations
Posted on: Tuesday, 23 October 2007, 12:01 CDT
Wescorp Energy Inc. (OTCBB: WSCE), an oil and gas solutions company, today unveiled its comprehensive operations and maintenance (O&M) Oil Management Solution, a field engineering and process management system designed for both conventional and unconventional oil operations.
"This is a system that assures our customers have easy and immediate access to the tools they need to successfully manage oil-field operations," said Wescorp president and CEO Doug Biles. "Our Oil Management Solution takes care of all the details, freeing the company to focus on drilling for, producing and transporting vital oil supplies."
Biles went on to say, "when you extract unconventional oil there are a lot more complex processes, equipment, environmental risks, regulatory requirements, expense and people in the mix. Our solution enables operators to manage the interactions of all these elements."
The solution is made possible by Wescorp's NAVIGATOR, a suite of process management services that enables Wescorp to reduce costs, save time and optimize field operations for its worldwide oil and gas clients.
"This is truly a full service O&M solution," said Dr. Scott Shemwell, Wescorp Energy chief operating officer. "It begins with our analysis of an operator's current field processes. We can recommend changes to those processes and even provide the necessary hardware, equipment, and personnel to implement these changes, driving the entire process in a manner the operator outlines and controls. The result is the client improves operations while lowering production costs."
"Wescorp Energy's Oil Management Solution is a comprehensive service that addresses all of the O&M activities affiliated with every stage of the hydrocarbon extraction process," he said. "We provide value from the time the oil begins its journey at the well perforations, through the wellhead, down the pipeline to the sales meter."
Shemwell said Wescorp's Oil Management Solution can handle all aspects of regulatory and environmental compliance reporting as well as answer such questions as "Where are the manuals for all this equipment in this field I just purchased?""What maintenance has this equipment undergone and where are the compliance records?""How many employees do I have out in the field today if there's a blowout and where are they located?""Is there a schematic of the entire field I can bring up on my computer?"
"Key to our Oil Management Solution," Shemwell said, "is the acquisition, tracking and processing of vital information - flow rates, leak detections, compliance records, oil composition, and more - throughout every stage of the oil flow process."
About Wescorp
Wescorp Energy Inc. (www.wescorpenergy.com) is an oil and gas operations solutions company focused on commercializing technologies that overcome tough operations challenges facing oil and gas operators today. Wescorp combines its intellectual capital, oil and gas industry experience, best practices methodologies and its market offerings to deliver these solutions in a timely, economic and environmentally friendly manner.
Wescorp shares currently trade on the NASD.OTC Bulletin Board under the symbol "WSCE".
Safe Harbor Statement
Any statements contained herein that are not historical facts are forward-looking statements, and involve risks and uncertainties. Potential factors could cause actual results to differ materially from those expressed or implied by such statements. Information on the potential factors that could affect the Company's actual results of operations is included in its filings with the Securities and Exchange Commission. These risks may be further discussed in periodic reports and registration statements to be filed by the Company from time to time with the Securities and Exchange Commission in the future.
Contacts: Investor Relations contact: David Jones Wescorp Energy, Inc. (705) 845-0933 or Toll Free: 1-877-247-1975 Email: djones@wescorpenergy.com Website: www.wescorpenergy.com Media contact: Virginia Brooks for Wescorp Energy, Inc. (903) 532-9714 Email: virginia@brooksandassociatespr.com
SOURCE: Wescorp Energy Inc.
Source: MARKET WIRE
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