NEO PPG Corp
The operating scope of the Company includes the successful application of Control Technologies, which focus on Reservoir Optimization by supplementing traditional production techniques and equipment. The geographic focus of NEO's in-country services group is primarily located within the Former Soviet Union, China, Far East and South American markets.
The Company is also well positioned to provide fully integrated conventional oil field production equipment combined with emerging proprietary production technology. These innovations in equipment design in conjunction with performance contracting techniques are essential to maximizing recovery and minimizing cash exposure.
NEOppg recognizes the importance of serving the needs of our clients. Our ability to respond is a direct function of the know-how and experience of the NEOppg Management Team. This team is lead by engineers and geologists with many years of experience in all phases of international oil and gas drilling and production operations.
Since new reservoirs are smaller and often marginal, asset managers are challenged to achieve reserve growth within existing budgets. NEOppg is focused on supporting its clients/partners to meet both the technical and financial challenges facing them. Our involvement can range from a conventional supplier of quality, cost effective production products and field services, up to leveraging our production products, and proprietary technologies with capital into select partnering opportunities either by performance contracting and/or equity participation.
The Company manufactures and markets a select coverage of conventional oil field production and artificial lift equipment to the oil field industry, as well as innovative products specifically addressing production difficulties of heavy oil. Recent implementation of "life of field" control technology has rendered many marginal fields economically viable, allowing for the emergence of a hybrid services provider/independent producer. Further, a significant shift among National Oil Companies has fostered service provider participation as project integrators with shared risk/reward for providing foreign investment with improved productivity, further highlighting the value of a technology and capital mix. The Company will focus our asset management skills, equity participation, conventional artificial lift products, techniques, and heavy oil production enhancement technologies on these low risk, existing field reentry opportunities where hydrocarbons are known to exist.
NEOppg operates through international and domestic subsidiaries, with NEOppg currently maintaining offices in Houston, Texas; New York, Calgary, Rio de Janeiro, Moscow, and Grand Cayman.
Capitalizing on its unique skill set, NEOppg will ensure that growth is sustained through sound financial management and innovative product and service development. In a dynamic and demanding environment, NEO's singular objective is to become the optimization service provider/partner of choice.