Petrotal Peru to Deploy Resman Tracer Systems in Block 95

“We are happy to be working with PetroTal in the first well in Block 95 to deploy tracers and applying tracer monitoring technology for the first time in Peru. This represents an important milestone for both companies, for RESMAN it opens up a new market and affirms PetroTal as a company willing to invest in new technology to increase reservoir knowledge.”, said Scott Lavoie, VP of RESMAN in Americas.

By using proprietary inflow quantification models developed in-house and verified by third party flow loop testing, RESMAN can accurately quantify zonal inflow contribution and detect the location of water breakthrough in complex and challenging completion environments. Since 2005, RESMAN installed thousands of its proprietary tracer systems in hundreds of wells for more than 60 oil and gas operators worldwide.

Further information from:

Scott Lavoie, VP Sales in Americas, RESMAN +15042397705

Assel Issina, Global Communications, RESMAN +47 92 56 40 70

RESMAN AS in brief
Wireless Reservoir Surveillance.

Innovative data acquisition technology to provide a LONG TERM, RELIABLE, RISK FREE reservoir monitoring. RESMAN has delivered inflow monitoring to the petroleum industry for over a decade and has invested heavily in research over a period of 15 years to continuously develop the inflow tracer technology to meet the market needs. With acquisition of the tracer service provider (Restrack) in 2018, RESMAN has enhanced its portfolio to provide continuous monitoring and digitalization of the wellbore. With wide range of its products and services, RESMAN is committed to help oil companies gain insights about their reservoirs, ultimately improving the effectiveness of their reservoir management decisions. RESMAN’s innovative approach provides a profitable and risk free solution to gain long-term insight into what is flowing where, how much, in what well and in which zone of the well, which is highly valuable input for oil companies in their quest to increase oil recovery. RESMAN is continuously evolving its innovative tracer and data analysis technology. With the value of information, derived by use of RESMAN’s proprietary Intelligent Tracer systems, our customers can make timely-decisions and optimize production. RESMAN is committed to the protection of the environment with low carbon footprint and “Enhanced Oil Recovery” technology, which assist the operators to improve global environmental sustainability.

ABOUT PETROTAL

PetroTal is a publicly‐traded, dual‐quoted (TSXV: TAL) (AIM: PTAL) oil and gas development and production company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru. PetroTal’ s flagship asset is its 100% working interest in Bretaña oil field in Peru’s Block 95 where oil production was initiated in June 2018, and in early 2020 became the second largest crude oil producer in Peru with more than 10,000 bopd of production. Additionally, the Company has large exploration prospects and is engaged in finding a partner to drill the Osheki prospect in Block 107. The Company’s management team has significant experience in developing and exploring for oil in Northern Peru and is led by a Board of Directors that is focused on safely and cost effectively developing the Bretaña oil field.