OOIL: Successful completion of CLEAN-FRAC field test on producing oil well - Analyst Blog
01 Marzo 2013 - 4:01AM
Zacks
OOIL: Successful completion of CLEAN-FRAC field
test on producing oil well.
By Ian Gilson, CFA
OriginOil (OTC Markets:OOIL) reported on Feb. 28,
2013 that its CLEAN-FRAC water treatment system has successfully
completed a field test on a producing well near Bakersfield CA. The
water from the well was contaminated with heavy crude oil and
drilling residues. The organics in the water was reduced by 99% and
suspended solids was reduced by 98%
This test shows that an operator can increase the oil produced and
reuse the water, both of which are economic benefits that would
offset the cost of the equipment used to clean the water. The
CLEAN-FRAC system does not add any chemicals to the effluent.
Oil field operators are extremely conservative. Bonuses depend on
production and any action that may reduce or slow down oil
production is unlikely to be accepted. That means that extensive
testing, on someone else's well, is not unusual
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