We are pleased to announce the formation of V2H Australia.
The company has exclusive access to V2H International IP and technology in Australia and New Zealand and will be led by new CEO, Darren Rice.
“The current commodity price pressure has left operators requiring step change innovation to lower their cost base,” Mr Rice said.
“We believe our technology offers a robust value proposition that will revolutionise the current Australian gas market.”
“In the short term we expect demand will focus on low cost, through casing work-overs to access trapped / bypassed or damaged pay but as prices increase, believe we’ll see more of a focus on new well completion designs that incorporate the technology.
There is no doubt that the State Governments shifting and differing opinions of hydraulic fracturing will influence our business growth, with the arrival of a viable alternative at the marketplace.”