Fast-Growing Gulf Energy Selects OriginOil’s Technology To Add Frack and Produced Water Cleanup Services
Gulf Energy will expand its multi-million dollar oil service business in the Middle East into frac flowback water treatment via OriginOil’s CLEAN-FRAC product
Los Angeles, CA– August 25, 2014 – OriginOil Inc. (OTC/QB: OOIL), developer of Electro Water Separation™ (EWS), the high-speed, chemical-free process to clean up large quantities of water, was selected by Gulf Energy, an oil service company with major customers in Oman, Yemen and Saudi Arabia, as the technology provider for the company’s new oil services business in frack and produced water treatment and reuse. Gulf Energy will implement OriginOil’s CLEAN-FRAC system, equipped with the company’s core technology Electro Water Separation (EWS), throughout the Middle East & North Africa (MENA).
“We at Gulf Energy believe that the Middle East is ready to address its water scarcity and environmental concerns. For months, we have researched and finally found the technology we believe to be the best available to anchor our water treatment systems,” stated Yasser Al Barami, Chief Commercial Officer of Gulf Energy SAOC. “We are ready to start building and selling systems across the MENA region. To enable this, our first step will be to purchase a CLEAN-FRAC™ P1500 demonstration system from OriginOil.”
“We believe Gulf Energy will be as successful in water treatment as they have been as an oil service company,” Bill Charneski, President of OriginOil Oil & Gas, stated. “In just six short years, Gulf Energy reports it has grown its sales of products and services in excess of $320 million last year across the MENA through its different subsidiaries. They are not only a very successful service company, but they have a great team of engineers and manufacture much of their proprietary equipment in their own facilities. We are both excited and complimented that they chose EWS technology as the base upon which to build their water treatment systems. We believe it is going to be an amazing run.”
Gulf Energy reports that it currently works with almost all of the major operators in Oman including Petroleum Development of Oman (PDO), Occidental Petroleum Company (OXY), PTT Exploration and Production Plc (PTTEP), MEDCO, Petrogas E&P and Daleel Petroleum.
Yasser Al Barami went on to say, “OriginOil not only brings us the core EWS technology, but also its contacts and relationships with suppliers of downstream processes integrated into their complete system, CLEAN-FRAC. The team that they have built will help us perfect and escalate our design and manufacturing. In our view, combining great design with our many customer relationships will be a winning formula.”
OriginOil’s CLEAN-FRAC is a range of complete solutions for treating produced or frac flowback water for various beneficial uses such as enhanced oil recovery, “new” frac water, irrigation water, and even potable water. The system leverages the company’s break-through, chemical-free, low-energy Electro Water Separation (EWS) technology, which can also be licensed as the first stage in any multi-stage reuse system.
Results from on-site testing of a pilot CLEAN-FRAC unit at Industrial Systems, Inc. in Delta, Colorado demonstrated that water turbidity, suspended solids and oil in water were reduced by as much as 99 percent. Energy usage with the CLEAN-FRAC system averaged 0.22 kWh per barrel of water processed which amounts to about $0.03 per barrel at $0.15 per kWh.
Safe Harbor Statement:
Matters discussed in this update 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, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. 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: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Return to Announcements»