Hicor Technologies, Inc. Names Rob Perry New CEO

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New CEO Helps Hicor Develop Its Value Proposition to Enhance Production for Multiphase Wells

Rob’s direct experience with both operators and service companies will be invaluable as Hicor begins the work of identifying how its production enhancement solutions can add significant value to customers. - Kevin McGlensey, Chairman

Hicor Technologies, Inc. (Hicor), a compression technology company commercializing and developing products for the oil and gas industry, has announced the appointment of Rob Perry as its Chief Executive Officer.

“We are thrilled to have someone with Rob’s deep industry knowledge join the Hicor team,” said Hicor’s Chairman, Kevin McGlensey. “Rob’s direct experience with both operators and service companies will be invaluable as Hicor begins the work of identifying how its production enhancement solutions can add significant value to customers.”

Perry joins Hicor from his most recent role as global Systems Engineering Director at TechnipFMC, and previously as global Director of Subsea Processing at FMC. Prior to his 8 years at TechnipFMC, Perry spent more than 22 years at BP, serving across a variety of technical and commercial roles. His last role at BP was as Vice President of Deepwater Facilities Technology, and he previously led R&D and technology development in the reservoir and wells subsurface disciplines. Perry also led offshore operations for BP’s first deepwater floating production platform in the Gulf of Mexico. His commercial experience includes managing businesses, leading M&A integration activities, and managing the Azerbaijan country office. Perry has a BSc (with honors) in Chemical Engineering from Loughborough University and a Masters of Business Administration from London Business School.

“I am extremely excited to be joining Hicor,” said Perry. “The team here has developed very innovative technology that can bring tremendous value to operators and producers. The technology has already proven in the field that significant production gains are possible. I look forward to working with the team to fully commercialize the technology and bring this valuable product to market.”

Perry’s hiring coincides with Hicor closing a new round of funding, led by EV Private Equity which has a proven track record of enabling technology companies to bring innovative products to market. The company intends to utilize the latest round of funding to launch several commercial pilots and to begin early sales. Hicor has identified an important opportunity to utilize its multiphase technology to enhance production in multiphase wells, either as a replacement for or enhancement to traditional artificial lift technologies. The enhanced production capability has already been shown in wells operating on plunger lift and demonstration projects with wells operating on both rod pump and gas lift are forthcoming.

About Hicor
Hicor is bringing customer and shareholder value through leadership in new compression technology development and deployment, utilizing its patented high efficiency, high compression ratio, wet gas compression technology. At Hicor, we are passionate about solving long-standing problems in the oil and gas industry, which compels us to deploy new production technologies. Our break-through innovation enables wet gas compression while also decreasing the cost and energy required to compress and produce natural gas and oil.

Hicor was founded out of MIT in 2010 and operates a world-class research and development facility in Houston, Texas. It is well funded by its principal equity investor, EV Private Equity, as well as Statoil and multiple other producers. For more information, visit http://www.hicor.com.

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Jeff Martini
@hicortech
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