Commercial order for 7800 barrels of graphene enhanced oilfield chemicals

There was a major milestone for Graphene NanoChem, with the first purchase order for PlatDrill [a graphene-enhanced oilfield chemicals]. The order, from Scomi Oiltools for use by an unnamed national oil company end-customer is part of the framework agreement, as announced on 26 November, and represents 7,800 barrels or around £1.0m at the top line. This, alongside future orders within the framework, further underpins our expectations for 2014.

The deal is said to be the first bulk deployment of graphene on a commercial basis, thus marking a milestone for the industry

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