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CALGARY, AB, April 29, 2022 /CNW/ – RocketFrac Companies Ltd. (“RocketFrac” or “the Firm”), an revolutionary Cleantech Vitality Companies Firm, is happy to announce that it has signed an unique consultant settlement with Amran Institution LLC (“Amran”) for the territory of the Sultanate of Oman.
The 2-year settlement, efficient April 1, 2022, supplies Amran unique rights to market RocketFrac within the Sultanate of Oman. The settlement consists of an choice to renew for a further two-year interval, topic to a proper evaluation inside 90 days, previous to the settlement’s finish date.
“This collaboration between RocketFrac and Amran, an trade chief in Oman, is an thrilling alternative for RocketFrac going ahead,” says RocketFrac CEO, Tom Whalen. “Amran’s established presence within the area supplies RocketFrac speedy entry to an necessary market that’s particularly suited to the Firm’s waterless effectively stimulation resolution.”
About RocketFrac
RocketFrac is an revolutionary Vitality Service Firm with proprietary know-how that unlocks tight reservoirs with a decrease environmental footprint than options. By eliminating the necessity to use water within the fracking course of, RocketFrac’s patent-pending know-how conserves this necessary useful resource, whereas decreasing greenhouse gasoline emissions, and bettering operational effectivity. This method respects Surroundings, Social and Governance (ESG) commitments, whereas contributing to important power independence wants around the globe.
Based in 2017, and headquartered in Canada, RocketFrac is working with worldwide representatives in a number of markets to convey its distinctive fracking know-how to a worldwide buyer base. RocketFrac is guided by skilled power sector consultants. Management consists of CEO Tom Whalen, former President and Managing Director of Baker Hughes Canada, CTO Pavan Elapavuluri, previously of Schlumberger, and The Honorable Ronald R. Spoehel, Chairman, previously of NASA.
About Amran
Amran was established in 1978, by Mr. Stated Amran Al Harthy, with the intention of offering the oil and gasoline trade within the Sultanate of Oman with the most recent know-how and experience. From a modest starting, the corporate has grown to be one of many largest contractors of oil and gasoline discipline gear and providers within the Sultanate, and immediately represents a few of the best-known producers and repair suppliers within the trade.
For additional info, please contact:
Mike Bowerman
Director of Communications +1 (403) 461.6079
mike.bowerman@rocketfrac.com
Tom Whalen
President and CEO +1 (403) 615.7829
tom.whalen@rocketfrac.com
Cautionary Notes and Ahead-Trying Statements
Sure statements on this press launch represent forward-looking info. All statements aside from statements of historic truth contained on this press launch, together with, with out limitation, statements relating to RocketFrac’s future, technique, plans, aims, targets and targets, and any statements preceded by, adopted by or that embrace the phrases “imagine”, “anticipate”, “intention”, “intend”, “plan”, “proceed”, “will”, “might”, “would”, “anticipate”, “estimate”, “forecast”, “predict”, “mission”, “search”, “ought to” or comparable expressions or the damaging thereof, are forward-looking statements. Ahead-looking statements on this information launch embrace statements relating to the engagement and actions of Amran pursuant to the consultant settlement.
These forward-looking statements are primarily based on affordable assumptions and estimates of administration of the Firm on the time such statements have been made. Precise future outcomes might differ materially as forward-looking statements contain identified and unknown dangers, uncertainties, and different elements which can trigger the precise outcomes, efficiency, or achievements of the Firm to materially differ from any future outcomes, efficiency, or achievements expressed or implied by such forward-looking statements. Though the forward-looking statements contained on this information launch are primarily based upon what administration of the Firm believes, or believed on the time, to be affordable assumptions, the Firm can’t guarantee shareholders that precise outcomes will probably be in keeping with such forward-looking statements, as there could also be different elements that trigger outcomes to not be as anticipated, estimated or supposed. Readers mustn’t place undue reliance on the forward-looking statements and data contained on this information launch. The Firm assumes no obligation to replace the forward-looking statements of beliefs, opinions, projections, or different elements, ought to they modify, besides as required by legislation.
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SOURCE RocketFrac Companies Ltd.
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