Monumental Energy Corp. Announces Successful Proprietary Development of Chemicals to Achieve Increased Oil Production and Flow Stability in the Taranaki Basin, New Zealand (opens original article in a new tab)

Monumental Energy Corp. and its partner developed a new chemical formula to boost oil production and stabilize flow rates in New Zealand's Taranaki Basin, with testing planned for field pilots.

• Monumental Energy Corp. and New Zealand Energy Corp. developed a chemical formula to increase oil production and stabilize flow rates in the Taranaki Basin.
• The chemical formula was created with the help of 13 Specialty Chemicals Ltd. and is designed to optimize treatment costs and improve oil recovery.
• The company plans to test the chemical formula in field pilots and provide further updates on its performance.