Immediate Release 30 January 2012
GLOBAL ENERGY DEVELOPMENT PLC
(the "Company")
GLOBAL ENGAGES THIRD-PARTY EXPERT IN CHOPS TECHNOLOGY
Global Energy Development PLC, the Latin America focused petroleum exploitation, development and production company (AIM: GED) with operations in Colombia and Peru, is pleased to announce it has engaged the services of a third-party specialist with world class expertise in cold heavy oil production with sand ("CHOPS") technology. The Company engaged Maurice B Dusseault Consulting Inc., a corporation represented by Maurice B Dusseault, PhD, PEng, located in Canada, to assist the Company in reviewing the Torcaz field technical information, preparing an equipment specification and documenting operational procedures for CHOPS in the Torcaz #5 well.
A copy of Dr. Dusseault's extensive resume and qualifications is available on the Company's website at www.globalenergyplc.com.
Steve Voss, Managing Director, commented: "We are looking forward to utilize the expertise of an industry CHOPS specialist such as Maurice Dusseault as we refine the equipment specifications to successfully apply CHOPS in the Torcaz #5 well. Dr. Dusseault will also be providing a set of recommendations for our future development wells within the Torcaz field."
For further information please contact
Global Energy Development PLC
Anna Williams, Director of Business Development | +001 817 310 0240 | awilliams@globalenergyplc.com www.globalenergyplc.com |
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Buchanan (Financial PR)
Tim Thompson | +44 (0)20 7466 5000 |
Ben Romney |
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Helen Chan |
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Northland Capital Partners Limited |
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Louis Castro | +44 (0)20 7796 8800 |
Lauren Kettle
Notes to Editors:
Dr Dusseault has published over 500 articles, documents and maps in engineering and scientific journals, conference proceedings, and as project reports for agencies and companies such as the Alberta Research Council, PDVSA, Arabian Oil Company, Karazhanbasmunai, TOTAL, Statoil and others. He is considered to be an industry expert for CHOPS and heavy oil recovery and has helped the Venezuelan national oil company (PDVSA - INTEVEP) establish a method of assessing producible reserves in heavy oil. He has also worked with other companies involved with heavy oil in South America (Trintopec, BP, Petroandina, Hocol, Ecopetrol and others) as an advisor and as a professional instructor to their personnel.
Dr. Dusseault has over 35 years of experience in various applied earth science and geomechanical areas: laboratory methods, equipment design, materials properties and behavior, petroleum engineering processes, data analysis, interpretation, professional short courses and seminars to the oil industry. Much of his recent work for corporations has focused on helping them assess the technical options for large heavy oil deposits, including evaluation of resources base, assessment of viable production technologies, monitoring and evaluating these technologies.
