Santrol will market and sell water-soluble and biodegradable Solplax(tm) plastic perforation ball sealers to the oil and gas industry under their trade name BioBalls(tm).
in conjunction with Santrol chemists, have developed and tested a full range of soluble Solplax(tm) perforation ball sealers that will perform effectively in the harsh environment of high pressure and temperatures encountered in deep oil and gas wells.
This is our first penetration into the oil and gas industry and Santrol was a logical partner to incorporate our Solplax(tm) dissolvable plastic ball sealers into their existing line of BioBalls(tm).
Millennium Plastics is in the process of shipping the first installment of the initial Santrol order for 40,000 Solplax(tm) ball sealers.
Safe Harbor Statement: The statements in this press release regarding the initial order for perforation ball sealers and any other statements, which are not historical facts, are forward looking statements.
Such statements involve risks and uncertainties, including, but not limited to, costs and difficulties related to the production of perforation ball sealers, future financial and operational results, competition, general economic conditions, and the ability to manage and continue growth.
Developed to survive the harsh environment of high pressure and temperatures encountered in deep oil and gas wells, these Solplax(TM) ball sealers have endured lengthy laboratory as well as rigorous field testing.
Our water soluble Solplax(TM) ball sealers are a natural solution to one of the problems confronting operators during the well completion process," stated Paul Branagan, president of Millennium Plastics.
Millennium Plastics is in the process of filling an initial order for 40,000 Solplax(TM) ball sealers that are intended to be used in completing shallow on-shore wells in North America.
Branagan went on to say, "The use of these Solplax(TM) ball sealers will not only save time in the well completion process but virtually eliminate the need for very costly post production work that often followed when old style rubber ball sealers were employed.
We spent several months developing a line of Solplax(TM) ball sealers that would cover a wide array physical conditions.