Aug 28, 2013
Promethean Technologies Group today announced the signing of a Memorandum of Understanding with Weatherford US to Partner in a new Joint Industry Project (JIP) for Liquid-Rich Plays. Promethean has partnered with Weatherford to provide the necessary expertise and manpower required to carry out the investigations.
Details of the proposed JIP are available through the link below.
July 22, 2013
Promethean Technologies Group today announced the signing a Letter of Intent with CR Petroleum Technologies, Inc. Austin TX, to co-develop and market CRM, a web-based product for optimization of secondary oil recovery projects. CR Petroleum Technologies previously licensed the technology from the University of Texas in Austin. CRM will be developed applying Promethean’s web-application framework that is used for Crossbow.
CR Petroleum Technologies is licensed to provide services using the technology. Promethean will develop and market the product worldwide.