Eden GeoTech

The current reservoir stimulation market size is $69 Billion, and it is estimated to reach $93 Billion by 2023, a CAGR of 6.23% during the period (2018 to 2023). The company strategy will focus on targeting newly completed wells in the Middle East and North Africa (MEAN), with a slight focus on the US market. Within the next six years, the Serviceable Obtainable Market (SOB) would 5% of the newly awarded stimulation contracts in the MENA region and a 1% market capture of new reservoir stimulation contracts for completed wells in the United States (~700 wells). The potential accumulative value of the 700 wells is around ~$300,000,000. When it comes to customer acquisition, we are a B2B business. Our market strategy mainly relies on relationship-marketing and targeting E&P companies directly through existing relationships. We are already in contact with E&P companies in the region (PDO, ADNOC, Saudi Aramco) and globally (Shell, BP, Chevron).