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Skye Petroleum, Inc. Acquires Asphaltene Flow Assurance Technology
Skye Petroleum, Inc. Acquires Asphaltene Flow Assurance Technology.
About this update from Skye Petroleum, Inc.
[{"type":"text","content":"\n\n\n\nSkye Petroleum, Inc. Acquires Asphaltene Flow Assurance Technology\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\nSkye Petroleum, Inc. Acquires Asphaltene Flow Assurance Technology\nPR Newswire\nSUGAR LAND, Texas, Oct. 10, 2013\n\n\n\nSUGAR 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. \n\nAsphaltenes 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.\n\nChief 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.\"\n\nSkye 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.\n\nAs 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 inc...