Chevron Licenses Enhanced Oil Recovery Technology to ZL Chemicals
Chevron has entered into a technology-licensing agreement with Canada-based ZL Chemicals to commercialize a proprietary chemical-surfactant technology. The product, marketed under the Vantis™ brand, is designed to enhance oil recovery and increase production from shale oil wells. Through this deal, the U.S. supermajor is allowing rival drillers to purchase the technology to expand its application across unconventional oilfields. The agreement was finalized via the Chevron Technical Center, a division of Chevron U.S.A. Inc.
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