Upstream Magazine Predicts Pivotree a Boost to Marginal Fields

For Immediate Release

Highlights

  • On 15 April 2024, Upstream’s Features and Technology Editor, Russell McCulley, wrote and published a Technology Focus article titled, “New subsea tech gives marginal fields a lift”.
  • Upstream is a trusted source for independent news and analysis in the international energy industry.
  • The article showcased the Pivotree technology and its application to marginal and stranded hydrocarbon field development.

Upstream focuses on major oil and gas projects and the people driving them. The online and printed magazine has been a go-to resource for nearly three decades, helping readers cut through the noise and stay informed about the global energy landscape. Senior managers in some of the most respected companies in the industry have called Upstream “invaluable”, “excellent” and “the best publication of its type on the market”.

The article can be found here: https://www.upstreamonline.com/focus/new-subsea-tech-gives-marginal-fields-a-lift/2-1-1618557

Weeks prior to the publication, Mr Russell McCulley contacted Pivotree and interviewed Mr Chris Merrick, Managing Director, Inventor, and Co-Founder, and Mr Marcus Christian, Pivotree Executive Director and Co-Founder.

Mr Christian said, “We were surprised and excited to be approach by Upstream, being such a well-known and respected media outlet, globally. This exposure is incredibly valuable and well timed for us, after having spent over five years in R&D to bring the technology to field readiness. This year marks our entry into the commercialisation phase and I’m sure we will receive further interest from customers as a result.”

He went on to say, “Russell was a pleasure to work with. He took a keen interest in the backstory to Pivotree while also providing the opportunity for us to explain the technology, the problems it solves and how it can be applied in different scenarios to create value for operators.”

Mr Merrick commented, “Receiving recognition like this is huge, and a great reward for the years of hard work behind the scenes. Pivotree is a technology perfectly timed as the industry moves from a “big oil” mentality to a world where agile operators embracing new technology will emerge as the winners powering us through the energy transition and beyond.”

About Upstream

In a world awash with information, Upstream helps readers filter out the noise and zero in on what matters in the international energy industry. For nearly three decades, Upstream has been the go-to source for independent news and analysis of the major oil and gas projects shaping the industry and the people behind them. In recent years, the publication has also chronicled the industry’s efforts to transition to cleaner energy sources. With access to senior officials and knowledgeable insiders, Upstream’s global team of reporters covers the exploration and production bases while staying abreast of new developments in emission-reduction technologies such as carbon capture and storage.

For more information about Upstream, please visit https://www.upstreamonline.com/.

About Pivotree Pty Ltd

Pivotree Pty Ltd is a technology company based in Perth, Western Australia. The company specialises in low-cost, low-risk, agile energy production and carbon storage technologies, with a mission to accelerate the global transition to a sustainable and low-carbon energy system.

For more information about Pivotree Pty Ltd and its innovative technology, please visit www.pivotree.com.au.

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This announcement is authorised for release by Marcus Christian, Executive Director, Pivotree.

For further information please contact:

Marcus Christian, Executive Director

mpchristian@pivotree.com.au

Forward Looking Statements

Statements contained in this release, particularly those regarding possible or assumed future performance, revenue, costs, dividends, production levels or rates, prices, or potential growth of Pivotree are, or may be, forward looking statements.  Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties.  Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors.

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