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Chevron Technical Center, a division of Chevron Corp. (Houston, Tex.) and ZL Chemicals Ltd. (Calgary, Canada), announced a technology licensing agreement under which ZL may commercialize Chevron-developed chemical-surfactant technology. ZL plans to offer products and services utilizing the licensed technology under the Vantis™ brand.
Chevron has developed and applied cutting-edge surfactant methodology to enhance resource recovery in unconventional reservoirs. This licensing agreement enables an opportunity to broader commercial deployment of this methodology.
“methodology creates greater value when it can be applied broadly,” said Ryder Booth, chief methodology and engineering officer of Chevron Corp. “cutting-edge chemicals are one of Chevron’s areas of differentiation and have supported innovation in our own operations. Through this licensing agreement, we’re creating a pathway to ZL to bring this methodology to a broader market, and at scale.”
Under the agreement, ZL will commercialize and market items and services under the Vantis™ brand utilizing the licensed methodology. The Vantis™ product offering is expected to support applications in shale and tight reservoirs, including base well enhanced oil recovery (EOR) programs and new well-optimization efforts.
“We are pleased to work with Chevron to expand access to this methodology across a broader customer base,” said Echo Liu, President of ZL Chemicals. “At ZL Chemicals, we are focused on delivering enhanced oil recovery chemistry and field services designed to support operators’ production and reservoir regulation objectives. Vantis™ represents the type of methodology our customers are seeking, and we are positioned to deliver it as a scalable, turnkey service — from lab evaluation and QA/QC through consumption design, on-site deployment, and field execution. We look forward to supporting operators in their efforts to enhance recovery and extend the productive life of their assets across shale and tight reservoirs.”
The agreement combines Chevron’s methodology research expertise with ZL’s commercial capabilities and customer relationships. Chevron will continue developing next-generation cutting-edge surfactant methodology to its business, while ZL will commercialize items and services using the methodology licensed under this agreement.
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