RCS - Hunting PLC - OOR technology achieves breakthrough contract

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RNS Number : 5131J  Hunting PLC  01 December 2025

 For Immediate Release  1 December 2025

 

 

 

Hunting PLC

 

("Hunting" or "the Company" or "the Group")

 

Organic Oil Recovery ("OOR") technology achieves

breakthrough sampling contract in key South America market

 

Hunting PLC (LSE:HTG), the precision engineering group, today announces that
Hunting Energy Services Production Technology, Inc., Hunting's recently
acquired business which aims to optimise oil reservoir performance and
recovery rates, has secured its first sampling and testing contract award in
Brazil.

 

This award represents a geographical breakthrough for OOR into the highly
active South America market, OOR's first new territory under Hunting's
ownership since the business was acquired in March 2025, and marks a
significant strategic milestone for the business and the wider Group.

 

The contract, awarded in November 2025, is with a Brazilian based oil and gas
exploration and production company and covers the sampling of 20 wells across
11 different fields, all located onshore in the north of Brazil. Sampling
operations are already underway and will continue through the coming months,
with field implementation and analysis expected in 2026.

 

This award demonstrates the level of customer interest and long-term potential
of OOR's patented enhanced oil recovery technology, which optimises reservoir
performance and oil recovery rates across the life cycle of a typical
production well by providing the following benefits to operators:

 

·           It improves ultimate recovery of oil reserves from a
reservoir;

·           Is a cost-efficient technology that has no capex
requirements and is simple to deploy;

·           Lowers the water cut during end-of-life production;

·           Lowers hydrogen sulphide levels in production offtake
which reduces ongoing maintenance and mitigation costs; and

·           Extends the life and increases the economic returns of
a producing field.

 

As of 1 January 2026, OOR will be incorporated into the Subsea Technologies
operating segment, as Hunting continues to grow its integrated full cycle
subsea platform.

 

Jim Johnson, Chief Executive of Hunting, commented:

 

"This contract represents a strategic milestone for OOR and for the wider
Hunting Group.  Not only does it unlock the technology's potential in an
important geographical region, but it demonstrates how OOR can leverage
Hunting's diverse global footprint to accelerate its long-term commercial
potential.

 

"The acquisition of OOR, in addition to that of Flexible Engineering Solutions
earlier this year, demonstrates that the Company continues to make good
progress in expanding Hunting's global subsea offering.

 

"I am delighted to see this continued strategic progress by the business
development team and look forward to updating investors on these initiatives
in the coming months."

 

For further information please contact:

 

 Hunting PLC                        Tel: +44 (0) 20 7321 0123

 Jim Johnson, Chief Executive

 Bruce Ferguson, Finance Director

 Sodali & Co                        Tel: +44 (0) 77 4840 4399

 James White

 Tilly Abraham

 

or

 

lon.IR@hunting-intl.com

 

About Hunting PLC

 

Hunting is a global, precision engineering group that provides
precision-manufactured equipment and premium services, which add value for our
customers. Established in 1874, it is a listed public company, quoted on the
London Stock Exchange in the Equity Shares in Commercial Companies ("ESCC")
category. The Company maintains a corporate office in Houston and is
headquartered in London. As well as the United Kingdom, the Company has
operations in China, India, Indonesia, Mexico, Saudi Arabia, Singapore, United
Arab Emirates and the United States of America.

 

The Group reports in US dollars across five operating segments: Hunting Titan;
North America; Subsea Technologies; Europe, Middle East and Africa ("EMEA")
and Asia Pacific.

 

The Group also reports revenue and EBITDA financial metrics based on five
product groups: OCTG, Perforating Systems, Subsea, Advanced Manufacturing and
Other Manufacturing.

 

Hunting PLC's Legal Entity Identifier is 2138008S5FL78ITZRN66

 

About OOR Technology

 

The Organic Oil Recovery process is a proven and innovative enhanced oil
recovery technology which optimises reservoir performance and recovery rates.
This breakthrough technology which manipulates the resident down-hole ecology
offers operators an advanced tertiary oil recovery resulting in increased
production, the lowering of lifting costs and significantly reducing H2S
levels.

 

Visit: https://huntingplc.com/products-services/organic-oil-recovery/
(https://huntingplc.com/products-services/organic-oil-recovery/)

 

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