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
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