Algal oil company Solazyme and Flotek Industries announced that the companies and certain subsidiaries have entered into agreements to globally commercialize Flocapso, an innovative, advanced drilling fluid additive. In addition, Flotek will market Solazyme’s Encapso lubricant—the first commercially available, biodegradable encapsulated lubricant for drilling fluids—in certain Middle Eastern markets.
Flocapso is a proprietary formulation combining Flotek’s patented Complex nano-Fluid chemistries with Solazyme’s proprietary Encapso technology to create a drilling fluid additive focused on better lubricity and greater stabilization. Laboratory and commercial testing indicate that the Flocapso additive will allow the use of water-based fluids in wells that previously require more expensive and invasive oil-based products.
Under the Joint Agreement, Flotek and Solazyme will continue the development of the Flocapso chemistries and work cooperatively to market Flocapso worldwide. The companies are currently in an active validation project with a large national oil company in the Middle East and are pursuing commercial applications in both domestic and international markets.
Winner of the Presidential Green Chemistry Challenge Award, Solazyme launched Encapso in early 2014. With its unique, targeted lubricant delivery system, Encapso has shown to increase the rate of penetration, decrease drag and reduce both rotational torque and friction in a variety of vertical and horizontal drilling applications. This can lead to lower drilling costs, reduced non-productive time, and accelerated operations. Developed from Solazyme’s proprietary technology platform, Encapso is non-toxic and biodegradable.
Flotek’s Complex nano-Fluid, or CnF#, chemistries are a series of proprietary, patented chemistries designed to enhance performance in oil and natural gas wells, including increased productivity through improved production rates and higher ultimate recoverability.
Flotek is a global developer and distributor of a portfolio of oilfield technologies, including specialty chemicals and down-hole drilling and production equipment. It serves major and independent companies in the domestic and international oilfield service industry.