Water- Stocks.com Reports on Opportunity for Remediating Oil-Contaminated Water

Water- Stocks.com Reports on Opportunity for Remediating Oil-Contaminated Water

Remediation Developments from Cameron Intl Corp, General Electric, Nalco, National Oilwell Varco, Veolia, Wescorp Energy (OTCBB: WSCE) and Weatherford International

POINT ROBERTS, WA and DELTA, BC –August 12, 2009 www.Water-Stocks.com, an investor and industry portal for the water sector within www.Investorideas.com, presents a water sector report by Lisa Springer CFA, equity research analyst, on the market opportunity for remediating oil- contaminated water.

Market Opportunity Remediating Oil-Contaminated Water
Lisa Springer CFA,
Excerpt:

Although oil spills capture headlines, a greater environmental challenge for the oil and gas industry is remediating water polluted in their production operations. Water that comes up with the production of oil and gas is called “produced water.’” Produced water is tainted with hydrocarbon solids, sand, drill cuttings and salts. Oil companies spend an estimated $50 billion every year remediating and/or disposing of produced water to comply with local, state, provincial and federal environmental laws.

Remediation costs for produced water are likely to continue to rise because regulators are pressing for more stringent environmental laws.

The management of produced water is a large market and several companies are marketing technologies for cleaning produced water. The Petreco Wemco division of Cameron markets a heat treatment technology that separates hydrocarbons from water. National Oilwell Varco manufactures and sells equipment that mechanically removes suspended solids from produced water. Nalco offers an aeration technology called Induced Gas Flotation that removes suspended particles from water. Privately-held Welco Expediting and Process Group market centrifuging technologies for cleaning produced water. The GE Zeon segment of General Electric, Siemens Water Technology and Veolia offer treatment methods based on filtering membranes. Although all of the above-mentioned methods remove some of the pollutants most single technologies leave behind residential oil content ranging from 500 to 50,000 parts per million in the water. Having residual hydrocarbon in their produced water has a major impact on producers’ operating expenses.
Wescorp Energy (OTCBB:WSCE) recently began marketing a novel remediation technology called H20Maxx, which the company claims offers a safer, more effective and economical process for cleaning and separating oil and solids from produced water. H20Maxx employs a patented aeration technology that creates microscopic nitrogen bubbles several orders of magnitude smaller than conventional methods. These bubbles attach to oil droplets and break the oil/water interface, allowing oil to be separated. Third party laboratory tests have shown that H20Maxx reduces oil content in produced water to less than 10 parts per million. Because H20Maxx-treated water is more hydro carbon-free, it dramatically reduces both operating costs and water consumption and also provides the producer with a resalable oil stream. For producers operating in areas where water is in short supply such as the Barnett Shale and Alberta Oil Sands, the ability to re-cycle water is a major advantage.
Oil and gas producers recognize the benefits of H20Maxx and have begun using Wescorp’s technology. Last December, Wescorp received 3rd party verification of the H20Maxx’s efficiency and scalability, which led to the signing of a letter of intent with Weatherford International.

In June, Wescorp announced the leasing of an H20Maxx unit to Western Canadian Oil Sands, which plans to deploy the unit at its Athabasca Oil Sands operations in Northern Alberta. In late July, Wescorp announced a 50/50 joint venture with Cancen Oil Canada Corporation to initially install a combined 12 H20Maxx water units and HXCT solids units over the next 12 months at Cancen’s facilities.
Full report: http://www.investorideas.com/News/081109c.asp
Lisa Springer Bio/ Disclaimer: http://www.investorideas.com/About/Lisa-Springer-CFA/

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Source: Water-Stocks.com, Wescorp Energy