Rexonics
Rexonics is a high-power ultrasound technology for commercial oil well stimulation.[1]
History
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In 2008, Ogsonic AG was founded as a spin-off of an industrial ultrasonic application provider to focus on the development and production of ultrasonic solutions[buzzword] for the oil and gas industry.
In 2013, to increase the commercialization of the Rexonics technology, Rexonic AG was formed through a joint venture between Rex International Holding and Ogsonic AG.
In 2016, Rex International Holding pared down its stake to 50% from 66.67% to Ogsonic.[2]
Technology
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The Rexonics technology is a high powered ultrasonic tool used to stimulate onshore and offshore wells. The proprietary and patented technology is designed to clean the production well bore of typical oil production inhibitors such as wax, paraffin and salt deposits.[3]
References
[edit]- ^ Shares Investment: Rexonics secures First Contract - What now for Rex?, Retrieved 15 July 2015
- ^ Rex International Holding Limited: Rex International Holding Limited Pares Down its Stake in Rexonic AG from 66.67% to 50%, retrieved 26 January 2016
- ^ Rigzone: Rexonics Secures $10m Deal to Provide Well Stimulation Technology for a NOC, retrieved 19 January 2016
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