Ann: CNQ Achieves Practical Completion - NESR project, page-6

To continue from previous post.

https://www.bp.com/en/global/corporate/what-we-do/bp-worldwide/bp-in-iraq.html

Sherif Foda, NESR CEO & Chairman remarked, "We are proud to collaborate with BECL to bring a new, low-carbon blueprint to oilfield brine production. Beyond the decarbonization associated with lower trucking & logistics, I am immensely proud of the positive impact that this plant brings to our overall water use, harnessing a previously unusable brackish water source for brine production through the use of cutting-edge technology, and thereby shielding industrial RO water for use elsewhere in agriculture and for community consumption.

BECL is the Basra Energy Company Limited (BECL),CNQ

https://www.bp.com/en/global/corporate/what-we-do/bp-worldwide/bp-in-iraq.html


Rumaila, "mentioned in the previous post", is a supergiant oil field requiring significant investment to continue to modernize and deliver future production growth – vital revenue for the Government of Iraq and its people. Therefore, bp and PetroChina have established Basra Energy Company Limited (BECL), an incorporated joint venture (IJV). From 1 June 2022, BECL owns and manages their interests at the Rumaila field. BECL is expected to enable optimized and continued investment throughout the duration of the existing Technical Service Contract – due to expire at the end of 2034 – including enhanced access to external financing.

From previous post.
"Leveraging partner Clean TeQ's continuous ion filtration and high-recovery reverse osmosis ("RO") technology, the first such deployment globally in the upstream energy sector, NESR & ROO endeavor to re-envision the way that oilfield brine is manufactured, and also substantially reduce water waste and the carbon footprint associated with brine supply."

Could be very good for us. Still 39,932shares left to buy. (I assume a lot more available tomorrow when people have taken profit.)