STWA (ZERO) to Commence Testing of Applied Oil Technology with Major Midstream Operator
Save The World Air, Inc., doing business as STWA (OTCQX: ZERO), a developer of integrated solutions for the energy industry, has announced that it will begin testing of its AOT™ (Applied Oil Technology) viscosity reduction system with a major midstream operator on a primary crude and condensate pipeline serving the Eagle Ford in South Texas. Testing is expected to begin shortly.
Testing activity is focused on measuring the efficacy of AOT technology to reduce the viscosity of the condensate or ultra-light crude carried by the pipeline. Further, independent testing is to be conducted by ATS RheoSystems. Testing and analysis of the data is expected to begin in the first quarter of 2015 and be completed in Q2 of this year.
Mr. Greggory Bigger, STWA’s CEO and Chairman, noted, “The opportunity to position a single-vessel AOT installation on one of the nation’s highest volume condensate lines provides an ideal proving ground for demonstrating the operational and cost efficiencies our technology can deliver. Clearly this is an important milestone in the commercialization of the industry’s first solid state technology that harnesses electricity to lower viscosity and improve the flow of a broad range of grades of crude oil.”
Industry studies indicate that production of condensate has surged in recent years as a result of the use of enhanced oil recovery techniques to extract “tight” oil and gas from shale formations throughout North America and overseas. A mixture of liquid hydrocarbons, condensates form in underground reservoirs as a result of temperature and pressure changes caused by drilling. Data provided by the Energy Information Administration indicates the U.S. currently produces 1.2 million barrels of condensate daily, with output projected to reach 1.6 million barrels per day by 2018.
“The exponential growth in U.S. condensate production is contributing significantly to the energy industry’s pipeline capacity challenges, creating the potential for an immense, long-term market for AOT,” Mr. Bigger said. “In particular, takeaway congestion is causing delays in moving crude oil southward to Gulf Coast storage facilities, refineries and offloading terminals, making this deployment both a timely and compelling demonstration of the role AOT technology can play in mitigating these bottlenecks.”
The Eagle Ford is the most active shale play in the world and currently produces over 870,000 barrels of crude oil and 220,000 barrels of condensate daily. Estimates from The U.S. Energy Information Administration reveal that the Western Gulf Basin in total holds approximately 4.1 billion barrels of recoverable oil.
STWA provides the global energy industry with patent-protected industrial equipment designed to deliver measurable performance improvements to crude oil pipelines. Developed in partnership with leading crude oil production and transportation entities, STWA’s high-value solutions address the enormous capacity inadequacies of domestic and overseas pipeline infrastructures that were designed and constructed prior to the current worldwide surge in oil production. In support of its clients’ commitment to the responsible sourcing of energy and environmental stewardship, STWA combines scientific research with inventive problem solving to provide energy efficiency ‘clean tech’ solutions to bring new efficiencies and lower operational costs to the upstream, midstream and gathering sectors.
For more information on the company visit www.stwa.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
Save The World Air, Inc., doing business as STWA (OTCQX: ZERO), a developer of integrated solutions for the energy industry, has announced that it will begin testing of its AOT™ (Applied Oil Technology) viscosity reduction system with a major midstream operator on a primary crude and condensate pipeline serving the Eagle Ford in South Texas. Testing is expected to begin shortly.
Testing activity is focused on measuring the efficacy of AOT technology to reduce the viscosity of the condensate or ultra-light crude carried by the pipeline. Further, independent testing is to be conducted by ATS RheoSystems. Testing and analysis of the data is expected to begin in the first quarter of 2015 and be completed in Q2 of this year.
Mr. Greggory Bigger, STWA’s CEO and Chairman, noted, “The opportunity to position a single-vessel AOT installation on one of the nation’s highest volume condensate lines provides an ideal proving ground for demonstrating the operational and cost efficiencies our technology can deliver. Clearly this is an important milestone in the commercialization of the industry’s first solid state technology that harnesses electricity to lower viscosity and improve the flow of a broad range of grades of crude oil.”
Industry studies indicate that production of condensate has surged in recent years as a result of the use of enhanced oil recovery techniques to extract “tight” oil and gas from shale formations throughout North America and overseas. A mixture of liquid hydrocarbons, condensates form in underground reservoirs as a result of temperature and pressure changes caused by drilling. Data provided by the Energy Information Administration indicates the U.S. currently produces 1.2 million barrels of condensate daily, with output projected to reach 1.6 million barrels per day by 2018.
“The exponential growth in U.S. condensate production is contributing significantly to the energy industry’s pipeline capacity challenges, creating the potential for an immense, long-term market for AOT,” Mr. Bigger said. “In particular, takeaway congestion is causing delays in moving crude oil southward to Gulf Coast storage facilities, refineries and offloading terminals, making this deployment both a timely and compelling demonstration of the role AOT technology can play in mitigating these bottlenecks.”
The Eagle Ford is the most active shale play in the world and currently produces over 870,000 barrels of crude oil and 220,000 barrels of condensate daily. Estimates from The U.S. Energy Information Administration reveal that the Western Gulf Basin in total holds approximately 4.1 billion barrels of recoverable oil.
STWA provides the global energy industry with patent-protected industrial equipment designed to deliver measurable performance improvements to crude oil pipelines. Developed in partnership with leading crude oil production and transportation entities, STWA’s high-value solutions address the enormous capacity inadequacies of domestic and overseas pipeline infrastructures that were designed and constructed prior to the current worldwide surge in oil production. In support of its clients’ commitment to the responsible sourcing of energy and environmental stewardship, STWA combines scientific research with inventive problem solving to provide energy efficiency ‘clean tech’ solutions to bring new efficiencies and lower operational costs to the upstream, midstream and gathering sectors.
For more information on the company visit www.stwa.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
