DowTec PTE sign letter of intent with First Crude Oil

The frightening reality of the world’s inevitable oil depletion is being faced at the pumps with prices sky rocketing, and with most of the existing oilfields entering a mature phase, oil companies are opting for secondary injection or tertiary EOR projects to extend the oilfields lifespan to meet demand.

To ensure a unified approach to the meeting senior executives such as Farouk Al Zanki MD and Chairman of Kuwait National Petroleum Company, Randy Clark CEO of Energistics and Hamed Ibrahim Karim, GM Exploration and PICO Petroleum met at the NGOG Summit in Doha to discuss the volatile future of the oil and gas industry and the depleting resources, which is attributable for the entire regions wealth.

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