LOS ANGELES & HOUSTON--(BUSINESS WIRE)--OriginClear Inc. (OTC/QB: OOIL), a leading provider of water treatment solutions, today announced that Cobalt Aqua Control LLC (Cobalt) recently shipped its first commercial sale of 15 barrels of an injectable crude oil sweetening liquid, produced with OriginClear technology, to an oil operator in South Texas.
Cobalt is a developer of oil and gas technology and remediation solutions based in Houston, TX. OriginClear licensed its Advanced Oxidation (EWS:AOx™) technology to Cobalt, and, through a wholly-owned subsidiary, has a significant membership interest in Cobalt. Cobalt’s process produces a liquid that can significantly improve oil recovery, reduce corrosive gas in the crude stream, and increase overall ROI for operators.
Known as H2S-Neutralizer™ (H2S-N™), this injectable liquid has demonstrated a dramatic improvement in oil recovery ratios, as evidenced by a stable increase in well-head pressure. In addition, H2S-N has been shown to significantly reduce hydrogen sulfide (H2S) concentration in the crude stream.
“In the first field trial we did with H2S-N, we were able to increase wellhead pressure in a gas well from an unstable 20 psi to an average 40 psi for a six-month period,” said William Germano Jr., Co-founder and Manager of Cobalt Aqua Control. “Working with OriginClear will help oil and gas operators get more value out of their production, with minimal environmental impact.”
In addition to wellhead pressure testing, other tests were performed with crude oil contaminated with H2S, or hydrogen sulfide, a highly corrosive gas that helps cause crude oil to become “sour” and lose value in the market. In field tests, hydrogen sulfide was measured from a 200 ppm concentration down to Below Readable Value (see pp. 5 and 6 of the lab report).
“The market imposes a penalty for sour crude of about 13 billion US dollars annually,” said Jean-Louis “JL” Kindler, President of OriginClear Technologies. “With oil prices still very low, producers are eager for any solution to the problem. Cobalt has an innovative approach of selling liquid, which generates a recurring revenue stream. We are delighted to be partners in this venture!”
Reducing hydrogen sulfide in crude oil can not only improve the value of crude by 8 to 10%, but also worker safety and logistics, because containers and pipelines require frequent maintenance when used with crude oil contaminated with as little as 5ppm of H2S.
OriginClear first announced in November of 2015 that its proprietary electro-oxidation technology can effectively remove 96 percent of bacteria and 97 percent of hydrogen sulfide (H2S) from produced water, without chemicals. Results were reported after lab and field testing on produced water from the Eagle Ford shale, and further validated in the recent Cobalt tests.
Cobalt Aqua Control is now ramping up to commercial production and is taking orders. Interested operators and service providers are invited to email Mr. Germano at firstname.lastname@example.org, or to telephone him at (832) 630-0393 for an immediate quote.
According to petroleum.co.uk, “Hydrogen sulfide is famous for its 'rotten egg' smell… Hydrogen sulfide is so much of a risk that sour crude has to be stabilized via removal of hydrogen sulfide before it can be transported by oil tankers…
“Sour crude oil will have greater than 0.5% sulfur and some of this will be in the form of hydrogen sulfide… It is more common in the Gulf of Mexico, Mexico, South America, and Canada. Crude produced by OPEC Member Nations also tends to be relatively sour.”
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About OriginClear, Inc.
OriginClear is a leading provider of water treatment solutions and the developer of a breakthrough water cleanup technology serving the rapidly growing world market. Through its wholly owned subsidiaries, OriginClear provides systems and services to treat water in a wide range of industries, such as municipal, pharmaceutical, semiconductors, industrial, and oil & gas. To rapidly grow this segment of the business, we strategically acquire profitable and well-managed water treatment companies, which allow us to expand our global market presence and technical expertise. To enable a new era of clean and socially responsible water treatment solutions, we invented Electro Water Separation™, a breakthrough high-speed water cleanup technology using multi-stage electrolysis, that we license worldwide to water treatment equipment manufacturers. Water is our most valuable resource, and the mission of the “Family of OriginClear Companies” is to improve the quality of water and help return it to its original and clear condition. To learn more about OriginClear®, please visit our website at www.originclear.com.
OriginClear Safe Harbor Statement:
Matters discussed in this release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this update, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization. Further information on the Company's risk factors is contained in the Company's quarterly and annual reports as filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
Texas sales begin for OriginClear’s crude oil sweetening liquid; H2S-Neutralizer can improve well head pressure, and reduce hydrogen sulfide, with minimal environmental impact
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