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Oasys Water In Forward-Osmosis Pact With National Oilwell Varco

Dec. 12 (Bloomberg) -- Oasys Water Inc., a provider of desalination and water-treatment technologies for industrial markets, said today that it signed a sales agreement for its forward-osmosis technology with National Oilwell Varco Inc.

Under the partnership, the biggest U.S. maker of oil-field equipment will be the exclusive licensee of Boston-based Oasys’s membrane brine concentrator technology in upstream oil and gas for produced water treatment. No terms were disclosed.

Oasys, founded in 2009, said in a statement that the initial MBC 4000 system to be rolled out next summer is a moveable unit capable of treating and desalinating as much as 4,000 barrels or 630 cubic meters a day of produced water.

Link to Company News:{NOV US <Equity> CN <GO>}

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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