Cubility Signs Distribution Agreements to Bring Solids Control Cost Savings and Efficiencies to Key US and Canadian Resource Plays

HOUSTON–(BUSINESS WIRE)–Cubility
AS, a leading provider of solids control solutions that improve drilling
efficiency, solids control and HSE around the drilling process, has
announced two exclusive distribution partnerships with Calgary-based New
Tech Solids Inc and Houston-based Stage
3 Separation.

The distribution agreements are to sell and support Cubility’s MudCube®
solution, the industry’s first compact, vacuum based solids control
system, and will see a substantial fleet of MudCubes entering the North
American land drilling market over the next few years in response to
increased demand for improved drilling efficiencies, reduced waste and
lower costs. The MudCube has already been successfully deployed for
Murphy Oil and Shell in Canada and multiple operators in both the
Permian and Eagle Ford.

Even Gjesdal, CEO of Cubility said: “As North American onshore
plays continue to ramp up operations, the MudCube will perform a vital
role in keeping costs down through drilling and mud efficiencies, and
the cost effective disposal of waste. In the case of onshore drilling
pads, implementing our technology can have an impact on cost budgets
almost immediately.”

Fred Lausen, Stage 3 Separation CEO continued: “This
partnership with Cubility reaffirms Stage 3 Separation’s commitment to
providing the very best solutions to our customer base. We look forward
to working with Cubility and US operators to provide optimal wellsite
performance and ever greater value and levels of sophistication to the
filtration and solids control marketplace.”

Said Brad Banister, President of New Tech Solids: “With ever
increasing environmental regulations, how operators handle their waste
generated to meet these regulatory obligations and reduce costs will be
essential to future profitability. That’s why we believe the MudCube is
such a ‘game changer’ – providing a cost effective but efficient means
of managing and disposing drilling waste.”

To date, MudCubes have been installed on North Sea, Middle East, Far
East, South American and North American drilling sites both offshore and
onshore. In 2016, Cubility partnered with EQT Corporation to prove the
technology in US onshore operations.

About Cubility AS

Cubility AS is an innovative Norwegian company that is revolutionising
drilling operations and the solids control issues that accompany them.
Cubility is based in Sandnes, Norway.

Contacts

Axiom Communications Management Ltd. for Cubility
Paul Fisher
Tel: +44-(0)-1285-719-490
Mob:
+44-(0)-7733224850
Email: [email protected]