Deal part of global licensing strategy for oil and gas prospecting service
22 October 2009, Tredomen, Wales and College Station, Texas: EnviroGene, a molecular diagnostics company enabling informed capital expenditure for the management of essential natural resources, has announced an alliance with TDI-Brooks International for its PetroGene oil and gas prospecting service. TDI-Brooks is widely acknowledged as the world leader in off-shore oil and gas field exploration services.
Under the terms of the alliance, EnviroGene will provide sample preparation, laboratory analysis and data interpretation and reporting. TDI-Brooks will provide access to market and field sampling capabilities, in particular for off-shore sampling. The alliance has an initial term of 1 year, and provides TDI-Brooks exclusive access to PetroGene in The Gulf of Mexico, and non-exclusive rights outside of this territory.
PetroGene has been designed and developed to complement seismic and standard geochemical approaches, to improve the success rate of exploratory oil and gas drilling. The technique identifies soil microbial populations metabolising hydrocarbons that have risen to the surface from underground reservoirs. As soil microbial activity can abolish hydrocarbon signatures, the PetroGene gene presence and expression tests are a valuable tool in the exploration of oil and gas fields.
Commenting on the alliance, Dr. Mark Chadwick, CEO of EnviroGene, said: “We’re excited to be working with the world leader in off-shore oil and gas field exploration. The alliance is a key step in our strategy for market penetration for PetroGene, and demonstrates the level of confidence that the industry has in the technology.”
“Groundbreaking technologies such as PetroGene enter the market only once every few decades,” said Dr. Bernie Bernard, VP and Chief Technology Officer, TDI-Brooks International. “We’re really excited about the potential of the approach, and are looking forward to working with EnviroGene.”
