Chops Technology (3324W)

TIDMGED

RNS Number : 3324W

Global Energy Development PLC

30 January 2012

Immediate Release 30 January 2012

GLOBAL ENERGY DEVELOPMENT PLC

(the "Company")

GLOBAL ENGAGES THIRD-PARTY EXPERT IN CHOPS TECHNOLOGY

Global Energy Development PLC, the Latin America focused petroleum exploitation, development and production company (AIM: GED) with operations in Colombia and Peru, is pleased to announce it has engaged the services of a third-party specialist with world class expertise in cold heavy oil production with sand ("CHOPS") technology. The Company engaged Maurice B Dusseault Consulting Inc., a corporation represented by Maurice B Dusseault, PhD, PEng, located in Canada, to assist the Company in reviewing the Torcaz field technical information, preparing an equipment specification and documenting operational procedures for CHOPS in the Torcaz #5 well.

A copy of Dr. Dusseault's extensive resume and qualifications is available on the Company's website at www.globalenergyplc.com.

Steve Voss, Managing Director, commented: "We are looking forward to utilize the expertise of an industry CHOPS specialist such as Maurice Dusseault as we refine the equipment specifications to successfully apply CHOPS in the Torcaz #5 well. Dr. Dusseault will also be providing a set of recommendations for our future development wells within the Torcaz field."

For further information please contact

Global Energy Development PLC

 
 Anna Williams, Director of Business 
   Development                           +001 817 310 0240 
  awilliams@globalenergyplc.com 
   www.globalenergyplc.com

Buchanan (Financial PR)

 
Tim Thompson    +44 (0)20 7466 5000 
Ben Romney 
Helen Chan 
 
 
 Northland Capital Partners Limited 
                                       +44 (0)20 7796 
 Louis Castro                           8800

Lauren Kettle

Notes to Editors:

Dr Dusseault has published over 500 articles, documents and maps in engineering and scientific journals, conference proceedings, and as project reports for agencies and companies such as the Alberta Research Council, PDVSA, Arabian Oil Company, Karazhanbasmunai, TOTAL, Statoil and others. He is considered to be an industry expert for CHOPS and heavy oil recovery and has helped the Venezuelan national oil company (PDVSA - INTEVEP) establish a method of assessing producible reserves in heavy oil. He has also worked with other companies involved with heavy oil in South America (Trintopec, BP, Petroandina, Hocol, Ecopetrol and others) as an advisor and as a professional instructor to their personnel.

Dr. Dusseault has over 35 years of experience in various applied earth science and geomechanical areas: laboratory methods, equipment design, materials properties and behavior, petroleum engineering processes, data analysis, interpretation, professional short courses and seminars to the oil industry. Much of his recent work for corporations has focused on helping them assess the technical options for large heavy oil deposits, including evaluation of resources base, assessment of viable production technologies, monitoring and evaluating these technologies.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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