INCORRECT. Great to see QS isn't just waiting for KINDER MORGAN to move forward with the PROVEN AOT. Other countries & oil companies also want the PROVEN AOT. SMILE the PROVEN AOT is going to the MIDDLE EAST as per the EVIDENCE below
QS Energy Issues Update on AOT Opportunities in the Middle East
SANTA BARBARA, CA -- (Marketwired) -- 06/15/16 --
QS Energy, Inc. (OTCQX: QSEP)
Global Energy Markets
Regional Update: The Middle East
Starting with this report on the Middle East, we will be providing our shareholders and the investment community with QS Energy's viewpoint on the world's most important oil producing regions. In addition to identifying the latest trends affecting these areas, we will also highlight the companies and the nationalized, government-owned entities active in crude oil production and transport. Our intention is to deliver insights into these high-output regions and, where applicable, discuss specific projects now in non-disclosure-level discussions, as well as others requesting proposals quantifying the benefits of deploying AOT technology.
The Middle East Opportunity
Located at the intersection of Eurasia and Africa, and bound by the Mediterranean Sea, the Indian Ocean, the Red Sea and the Arabian Sea, the Middle East is comprised of 17 nation states. Long suspected of having potentially large oil reserves due to natural seepage in the Persian Gulf, the region was first drilled in a meaningful way by Standard Oil Company (SOCAL) in 1932 with a successful strike in Bahrain. Beginning with the modern era of energy production in 1965, the Middle East quickly emerged as the leading oil producing region in the world.
The most oil-rich of these countries border the Persian Gulf and lie within the Arabian Peninsula. In order of total petroleum and other liquids production they are: Saudi Arabia (11,624,000 bpd), United Arab Emirates (3,471,000 bpd), Iran (3,375,000 bpd), Iraq (3,371,000 bpd), Kuwait (2,767,000 bpd), Qatar (2,055,000 bpd), and Egypt (667,000 bpd). The leading oil producers of the Middle East are nationalized oil companies (NOCs) formed and controlled by the governments or hereditary monarchies of the nations in which they are located. The largest of these include Saudi Arabian Oil Company (Saudi Aramco), Abu Dhabi National Oil Company (ADNOC), Bahrain Petroleum Company (BAPCO), Basra Oil Company (formerly South Oil Company) of Iraq, Kuwait Petroleum Corporation (KPC), National Iranian Oil Company (NIOC), Petroleum Development Oman (PDO), Qatar Petroleum, and Zakum Development Company (ZADCO).
Since our first distributorship agreement was signed with Energy Tech Premier Group in 2013, this project management and technical services firm has represented AOT to prospective customers and joint venture partners in the Middle East and the continent of Africa. Originally based in Nairobi, Kenya, ETPG recently re-domiciled to Dublin, Ireland with an affiliate office in Zürich, Switzerland, providing QS Energy with excellent strategic positioning and greater flexibility in our offshore fabrication capabilities.
Often referred to as the "Celtic Tiger" due to its economic prosperity and export competitiveness, Ireland is renowned for its favorable treatment of foreign companies interested in establishing research and manufacturing operations. With the assistance of ETPG leadership, we are exploring the various programs offered through economic development agencies such as the Industrial Development Authority (IDA Ireland), the International Financial Services Centre (IFSC) and, more broadly, the European Central Bank (ECB).
AOT Infrastructure Optimization Projects
Due to a convergence of factors, including political, technological, societal and economic, the dynamics of the world's market-making OPEC member nations are evolving dramatically. Not the least of these developments is the highly anticipated initial public offering of Saudi Aramco, a move that would overnight create an expected investor-held market cap of $2 trillion to $3 trillion. As the largest IPO in history, Saudi Arabian Oil Co. represents both long-term liquidity for the Saudi Royal family and a projected $1 billion in bankers' fees for those handling the largest investment-bank deal ever.
This push to turn a portion of the world's richest oil reserves into drilling rights with a value set by the biggest stock float in trading history is emblematic of the changes afoot. Despite many decades of global market dominance and massive revenues that have brought wealth, infrastructure development, and modernization to nations throughout the Middle East, the producers exploiting this region and their foreign partners face significant challenges. The current global oversupply of oil and resultant sharp price drop are squeezing GDP and budgets at precisely a time when the rulers of these petro states are trying to plan for a post-oil era, however far in the future that may occur. Topping the list of pressing concerns are increasing upstream output, improving operational efficiencies during transport, and reducing time to market by expanding pipeline and refinery capacity.
With the benefit of two AOT installations on high volume commercial pipelines in North America, coupled with extensive testing of crude oil samples from this region, we are currently in discussions with several of the above named entities. Following visits to the headquarters of these organizations by Energy Tech Premier Group and ongoing collaboration with QS Energy engineers, we believe we have convincingly made the case for the use of value engineered AOT systems to bring a new level of performance to the infrastructures of some of the pre-eminent energy companies in the world.
As is the case in every customer engagement, we begin by gathering operational metrics specific to the target pipeline infrastructure under a mutual non-disclosure agreement (NDA), enabling us to provide a highly detailed AOT Case Study Analysis report. We have recently tabled a Memorandum of Understanding letter with one such prospective customer and are in the proposal phase of multi-vessel AOT systems with numerous producers and transporters in the region.
Other AOT Targets
Due to our ongoing collaborations with over a dozen crude oil transporters in North America and the engineering consultants and contractors responsible for building, maintaining and upgrading their delivery systems, we are continually seeing new applications for AOT and the science of electrorheology which drives the functionality of our industrial hardware. Fortunately, a number of these engineers, senior executives, and operations specialists familiar with the efficacy of our equipment work in a consultative capacity with entities in the Middle East. Through their collaboration with us we are exploring the opportunities that may exist within prospective customers not yet in direct discussions with ETPG or QS Energy.
In our next Regional Update, we will discuss two of our technology partners assisting us in attracting joint venture and deployment opportunities in the rapidly maturing Latin-American energy industry.
We invite you to contact us anytime with your questions, comments or suggestions at investor@QSEnergy.com or sales@QSEnergy.com. For QS Energy news and articles concerning the energy industry, follow us on Twitter and LinkedIn.
For further information about QS Energy please read our SEC filings at www.sec.gov, and, in particular, the risk factor sections of those filings.
Safe Harbor Statement: Some of the statements in this release may constitute forward-looking statements under federal securities laws. Please visit the following link for our complete cautionary forward-looking statement: http://www.qsenergy.com/site-info/disclaimer.
Sincerely,
Greggory M. Bigger CEO & Chairman QS Energy, Inc.
www.QSEnergy.com
Disclaimer
All statements and expressions are the sole opinion of the company and are subject to change without notice. The Company is not liable for any investment decisions by its readers or subscribers. It is strongly recommended that any purchase or sale decision be discussed with a financial advisor, or a broker-dealer, or a member of any financial regulatory bodies. The information contained herein has been provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. Investors are cautioned that they may lose all or a portion of their investment in this or any other company.
Information contained herein contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities and Exchange Act of 1934, as amended. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be "forward looking statements". Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of words such as "expects", "will", "anticipates", "estimates", "believes", or by statements indicating certain actions "may", "could", "should" or "might" occur.
ABSOLUTELY FALSE. FURTHER EVIDENCE the PROVEN AOT will be going to the MIDDLE EAST as per the FACTS below. The big players in the oil industry want the PROVEN AOT as per theEVIDENCEbelow. This is about the PRESENT, NOW & the FUTURE, not what happened 15 years ago.
QS Energy's AOT Crude Oil Pipeline Optimization Technology Under Consideration by Largest Producers in Middle East
SANTA BARBARA, CA -- (Marketwired) -- 08/15/16 -- QS Energy, Inc. (the "Company") (OTCQB: QSEP), a developer of integrated technology solutions for the energy industry, today announced it is engaged in discussions with two of the world's largest crude oil producing nations in the Middle East to provide deployment strategies for the Company's AOT Viscosity/Pressure Drop Reduction technology. Under a non-disclosure agreement with one of these entities, QS Energy will be testing customer-provided crude oil samples at Temple University's Department of Physics laboratory and performing feasibility studies to determine the potential benefits of AOT installations on a specific number of pumping stations on several pipeline systems.
"There are a number of large infrastructure modernization programs underway in the Middle East to increase crude oil output and significantly expand the pipeline systems that transport upstream production to refineries and marine offloading facilities," stated Greggory M. Bigger, Chairman and CEO of QS Energy. "Due to the efforts of our distributor Energy Tech Premier Group and our own business development activities, we have provided a non-binding Letter of Intent (LOI) to the second of these entities which is now going through Arabic translation and is under review by their leadership. Our objective is to forecast how the use of AOT technology might improve the efficiencies and Opex performance of their respective pipeline systems."
Mr. Bigger added that the opportunities stem from upstream projects undertaken by two of the Middle East's most prominent oil producers to step up production and improve delivery to market. Recently, several oil-producing nations including OPEC members Saudi Arabia, Iran, and Iraq have announced ambitious plans to increase output and streamline their ability to transport production to refineries and seaports for delivery to foreign markets.
In July OPEC's second largest producer Iraq announced their intention to increase crude oil production by 250,000 to 350,000 barrels per day by 2017, up from its current level of 4.6 million bpd. As of last month the output of Middle East nations reached record levels of over 31 million barrels a day during each of the past three months, according to data from the International Energy Administration. Overall, Middle Eastern global market share has now grown to 35%, the highest since the late 1970s.
During the first and second quarters of 2015, crude oil samples from a major Middle East oil producer were provided to Temple University for laboratory testing to simulate the potential benefits of AOT on a commercial pipeline. The test results demonstrated viscosity reductions of 20% to 35% using AOT technology. As a result of these performance benchmarks, we have moved to discussions with this Middle East entity regarding a project-specific AOT Viscosity/Pressure Drop Reduction system. QS Energy has also provided a detailed benefit analysis case study for their review and provided recommendations for outfitting a certain pipeline with the AOT equipment.
Following similar laboratory testing with another top-tier Middle East oil producer, in May 2016 QS Energy executed a non-disclosure agreement in consideration and evaluation of potential transactions and joint development activities.
"Based on our continuing interactions with these organizations, we believe that they are dedicated to implementing strategic, multi-pronged engineering programs to improve the existing pipeline infrastructure and deliver hydrocarbons more efficiently and cost-effectively to global markets," Mr. Bigger stated. "Our feasibility testing and AOT Case Study proposals will focus on the projected measurable performance efficiencies we believe we can bring to the extensive pipeline systems of these nations and how AOT may increase flow rates and reduce pipeline pressure drop, thereby minimizing delivery delays and bottlenecks."
Safe Harbor Statement: Some of the statements in this release may constitute forward-looking statements under federal securities laws. Please visit the following link for our complete cautionary forward-looking statement: http://www.qsenergy.com/site-info/disclaimer
About AOT™ (Applied Oil Technology) Developed in partnership with scientists at Temple University in Philadelphia, AOT (Applied Oil Technology) is the energy industry's first crude oil pipeline flow improvement solution using an electrical charge to coalesce microscopic particles native to unrefined oil, thereby reducing viscosity. Over the past four years AOT has been rigorously prepared for commercial use with the collaboration of over 30 engineering teams at 19 independent oil production and transportation entities interested in harnessing its demonstrated efficacy to increase pipeline performance and flow, drive up committed and uncommitted toll rates for pipeline operators, and reduce pipeline operating costs. Although AOT originally attracted the attention of pipeline operators motivated to improving their takeaway capacity during an historic surge in upstream output resulting from enhanced oil recovery techniques, the technology now represents the premiere solution for improving the profit margins of producers and transporters during today's economically challenging period of low spot prices and supply surplus.
About QS Energy, Inc. QS Energy, Inc.(OTCQB: QSEP), provides the global energy industry with patent-protected industrial equipment designed to deliver measurable performance improvements to crude oil pipelines. Developed in partnership with leading crude oil production and transportation entities, QS Energy's high-value solutions address the enormous capacity inadequacies of domestic and overseas pipeline infrastructures that were designed and constructed prior to the current worldwide surge in oil production. In support of our clients' commitment to the responsible sourcing of energy and environmental stewardship, QS Energy combines scientific research with inventive problem solving to provide energy efficiency 'clean tech' solutions to bring new efficiencies and lower operational costs to the upstream, midstream and gathering sectors. More information is available at: www.QSEnergy.com
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