Skye Petroleum, Inc. Acquires Asphaltene Flow Assurance
Technology
SUGAR LAND, Texas, Oct. 10, 2013 /PRNewswire/ --?Skye Petroleum,
Inc. (Pink Sheets: SKPO) is pleased to announce that it has
acquired a newly developed asphaltene chemical technology that will
enhance Skye's ability to help oil companies battle flow assurance
issues throughout the production stream.
Asphaltenes are molecular substances that impart high viscosity
to crude oil, negatively impacting production. ?Asphaltene can
create clogging in the wellbore, surface facilities and subsurface
formations in a similar fashion as paraffin blockages.? This
treatment process allows Skye Petroleum to expand its reach into
new markets and provide a further depth of solutions in regions
where both paraffin and asphaltenes are present.
Chief Development Officer, Brandon
Rhodes, stated, "The Skye Chem AD (Asphaltene Dispersant)
chemistry is a complement to our existing product line.? Our
customers are looking for solutions in dealing with high pour point
crude and sludge with asphaltene deposits.? This is a hot topic
among some of our distribution partners and the potential is
enormous.? The Skye Chem AD is an effective asphaltene dispersant
anywhere in the production, transportation, storage and refining
phases.? The chemistry works at a low parts per million (PPM), so
the return for our customers is significant.? This technology
places Skye in a stronger overall competitive position in providing
flow assurance solutions."
Skye Petroleum is expanding into the Completion fluids arena, as
well.? Skye continues to work toward being able to offer a full
range of oil field chemicals to our distributors and oil
producers.
As the third quarter of 2013 came to a close, Skye's sales
crossed $53,000 for the quarter and
over $100,000 for the full year.
?Skye began selling chemicals in late 2011 with $4,800 in sales before seeing an increase in
chemical sales in 2012 to $48,000.?
"We are very excited to see our sales expanding at a rapid pace
year over year and quarter over quarter.? With what we see in the
pipeline and the new markets we are expanding into, we anticipate
sales continuing to grow at a rapid pace.? We are also continuing
to add distribution partners in more regions," said Buck Eaton, COO.
Please visit the company web site, www.skyepetroleum.com or
contact Buck Eaton, COO, at
office@skyepetroleum.com or 281-265-1199.? Skye Petroleum, Inc. is
a publicly traded corporation, listed on the "OTC Pink Current
Information" tier on the OTC Markets Group Inc. electronic
quotation venue, under the trading symbol, SKPO.
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SOURCE Skye Petroleum, Inc.