AGT increases Oilflow stake
Offshore staff
ABERDEEN, UK --AGT Energy has bought the 50% stake in Oilflow Solutions previously owned by Vienco Group.
Oilflow, a joint venture between AGT and Vienco, was formed in 2005 to develop techniques to enhance flow of heavy and waxy crudes. One main products is Proflux, which reduces the viscosity of thick, slow-moving oil to a free-flowing liquid state.
The company recently completed its first pilot tests with Proflux on heavy oil fields onshore Alberta.
11/08/2007