QS Energy announced that it has updated its plan to develop AOT opportunities in the Middle East.
AOT, or Applied Oil Technology, is a pipeline solution made by the company that focuses on increasing flow rates, reducing power consumption, optimizing flow assurance, enhancing pipeline integrity and preventing bottlenecks.
“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,” the company’s press release states. “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.”
With global changes afoot in the oil industry, the company plans on gathering operational metrics for target pipeline infrastructures under a non-disclosure agreement and then providing an AOT Case Study Analysis report.