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Word Oil Group, Inc. has signed a Letter of Intent with the National University of Engineering School of Petroleum, Natural Gas and Petrochemicals in Lima, Peru

DEBARY, FL / ACCESSWIRE / September 24, 2015 / World Oil Group, Inc. (PINKSHEETS: WOGI) is pleased to announce World Oil Group, Inc. has signed a Letter of Intent with the Universidad Nacional De Ingenieria, Facultad de Ingenieria de Petroleo, Gas Natural y Petroquimica.

The National University of Engineering is widely regarded as the foremost science and technology oriented university in Perú, many of its alumni occupying today positions of leadership in the fields of Industry, Academia and Government.

The Letter of Intent will establish the framework on the relationship between World Oil Group, Inc. and the Universidad Nacional De Ingenieria, Facultad de Ingenieria de Petroleo, Gas Natural y Petroquimica.

This relationship will allow a cooperative relationship between both organizations to work together on multiple levels beginning with the following:

Letter of Intention

Among the Faculty of Oil, Natural Gas and Petrochemical Engineering University (FIP-UNI) and the company World Oil Group Inc.

1. Evaluate the utilization of LPG Plant Micro to recover from the AC POWER natural gas pipelines Peru, for use in the surrounding cities.

Evaluar la utilization de una Micro Planta de GLP para recuperar de la corrienta de gas natural de los Gasoductos de Peru, para uso en las ciudades de los alrededores.

2. Joining forces to provide online educational courses and workshops with certification validates industry in both the US and Peru, using the Platform World Oil Group Professional and Educational Certification- WOPEC.

Aunar esfuerzos para ofrecer Cursos Educativos en linea y Talleres para la industria con Certificacion valida en ambos EEUU y Peru, utilizando la Plataforma World Oil Group Professional and Educational Certification- WOPEX.

3. Join efforts to assess technologies for tertiary recovery (EOR) conditions applicable to the fields of Oil and Natural Gas del Peru.

Aunar esfuerzos para evaluar Tecnologias de Recupacion Terciaria (EOR) aplicables a las condiciones de los campos de Petroleo y Gas Natural del Peru.

4. Evaluate the use of Nano and Micro Refineries as an alternative to add value to crude oil production in the fields of oil and natural gas in Peru.

Evaluar el uso de Nano y Micro Refinerias como una alternative de dar valor agregado al petroleo crudo production en los campos de Petroleo y Gas Natural del Peru.

5. Evaluate technologies and products to increase penetration Rat drilling activities.

Evaluar technologies y productos para incrementar la Rata de Penetracion en actividades de Performance.

6. Support Program Graduate FPGP UNI.

Apoyar el Programa de Postgrado de la FPGP de la UNI.

7. Evaluate the remediation of soil and water conditions for Peru with technical and non-toxic products utilizing chemical products, non-carcinogenic, non-flammable and bio degradable.

Evaluar la Descontaminacion de Suelos y Aguas para las condiciones de Peru con tecnicas y productos que utillizan productos qimicos no toxicos, no carcinogenos, no inflamables y biodegrables

8. Assess Waste Reutilization Techniques applicable to the Peruvian industry.

Both parties expressed interest in supporting the operation of Oil and Gas Fields in Peru

Ambas partes manifiestan el interes en apoyar la Operacion de Campos de Petroleo y Gas en el Peru

Both parties agree to allocate the resources required for the implementation of this Letter of Intent.

Ambas partes acuerdan en asignar los recursos requeridos para el cumplimiento de la presente Carta de Intencion.

The Peru National University of Engineering School of Petroleum and Petro Chemicals have tested World Oil Group, Inc.'s Oil Field Product - EPA Oil Field Solution- PRS Paraffin Remediation Solution in the National University Petro Chemical Testing Lab and the university laboratory professor said the product was amazing and effective.

It was noted in the test that World Oil Group, Inc.'s product(s) work by molecular conversation and therefore can be used in many application within the oil industry.

World Oil Group, Inc. and UNI are moving in unison to use of World Old Group, Inc.'s product(s) in a host of areas beginning with heavy oils, remediation and EOR.

About World Oil Group, Inc.

World Oil Group, Inc. is an international petroleum company that uses actionable intelligence from its strategic relationships to target and identify niche market opportunities in and out of the Unites States.

World Oil Group, Inc.'s executive team and advisers have a vast military and international sector experience in hostile and emerging markets where oil field and mining operations are the dominant source of revenue.WOGI's team/advisors range from a double Post Doctorate in Petroleum/Mining Engineering to a Princeton University PhD graduate in Economics to an International Ambassador(s) to US Military Paratrooper(s) to British Special Forces to Graduate of Harvard Executive Studies Program to a former V.P. of Business Development of a multibillion dollar corporation.

WOGI's team and advisors have worked on every major continent in the world at multiple levels of government and private sector business.

World Oil Group, Inc., engages in various vertical and horizontal opportunities within the petroleum markets such as Oil Exploration, Enhanced Oil Recovery, Hydro Carbon Remediation, Energy Trading, Oil & Gas Industry Product/Equipment Sales, Oil Field Security and Pioneering Micro & Nano refinery operations.

World Oil Group, Inc. continues to seek opportunities in niche markets where it can use its international experience and "boots on the ground" strategic relationships to continue leveraging its analytical experience in emerging markets and continue to grow shareholder value.

WOGI will continue increasing shareholder value by serving niches areas of opportunity and not casting its self too deep in one area as to get caught in the downturn of the oil markets that are politically controlled and not market driven.

The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.



For more information contact:


Grace Carlton, Communications Director
World Oil Group, Inc.
Ph. 407-777-9228

SOURCE: World Oil Group, Inc.

Source: Accesswire (September 24, 2015 - 7:02 AM EDT)

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