Wavefront Technology Solutions Inc. says that the Eastern Alberta Powerwave client has advised Wavefront of plans to expand the current program by up to 45 additional Powerwave systems. The new Powerwave installations are expected to commence during the second quarter of calendar 2011, coinciding with permitting and well workovers. Wavefront currently has 63 Powerwave systems installed with the Eastern Alberta client in two oil producing operations. Under a confidentiality agreement, Wavefront is prohibited from releasing the client name, field location, and financial terms.

'We are very pleased to see the continued expansion of the Powerwave program in Eastern Alberta and the strong signal it sends to oil producers of all sizes that Powerwave can get more oil out of their existing operations,' said Wavefront President and CEO, Brett Davidson.

'All of us at Wavefront would like to extend our appreciation to the client for their continued confidence in Powerwave to improve oil production rates, slow the rate of production decline, extend field economic life, and maximize asset value,' said Wavefront President and CEO Brett Davidson. 'We are confident that Wavefront is moving beyond the stage of early Powerwave adopters and onto the early industry majority stage in the Powerwave adoption life cycle which will be a key business driver for substantial growth and profitability.'

Tags: Wavefront Technology Solutions