Black & Veatch technology reduces costs, increases NGL yields for natural gas processors
HOUSTON, (December 2, 2013) – Black & Veatch and Exterran Energy Solutions, L.P. (“Exterran”) are joining forces to reduce capital and operating costs, improve natural gas liquid product yields and enhance system flexibility for natural gas processors. The two companies have signed an exclusive agreement to develop modular natural gas processing units in North America. The modular units will feature Black & Veatch’s patented PRICO-C2™ process.
“Midstream operators will quickly recognize the value of the PRICO-C2 process,” said William Sayre, Exterran Vice President of Product Lines and Marketing. “This technology is proven to deliver high ethane recovery rates while saving 10 percent or more energy than other technologies.”
Under the agreement, Exterran will design and build modular units that feature the Black & Veatch technology. Together, Black & Veatch and Exterran will market these units to natural gas processors across North America. The benefits of a modular design over conventional construction include lower capital costs, shorter schedules and predictable results.
“In addition to significant bottom line advantages, clients using these units will benefit from more flexible operations,” said John George, manager within Black & Veatch’s oil & gas business line. “The PRICO-C2 process is less affected by variations in feed gas composition or flow rates. This is ideal for clients whose gas composition could change or is not yet well defined.”
About Black & Veatch
Black & Veatch is an employee-owned, global leader in building Critical Human Infrastructure™ in Energy, Water, Telecommunications and Government Services. Since 1915, we have helped our clients improve the lives of people in over 100 countries through consulting, engineering, construction, operations and program management. Our revenues in 2012 were US$3.3 billion. Follow us on www.bv.com and in social media.
About Exterran
Exterran Energy Solutions, L.P. is owned by Exterran Holdings Inc., a global market leader in full service natural gas compression and a premier provider of operations, maintenance, service and equipment for oil and natural gas production, processing and transportation applications. Exterran serves customers across the energy spectrum – from producers to transporters to processors to storage owners. Headquartered in Houston, Texas, Exterran has approximately 10,000 employees and operates in approximately 30 countries. For more information, visit www.exterran.com.
Exterran Forward-Looking Statements
All statements in this release (and oral statements made regarding the subjects of this release) by or on behalf of Exterran, other than historical facts, are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including, but not limited to: statements related to the agreement and relationship announced herein and the expected benefits therefrom; statements related to the modular units to be produced, including their capabilities and benefits; and the planned marketing strategy and anticipated customer response. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside Exterran’s control, which could cause actual results to differ materially from such statements, including the risk factors, forward-looking statements and challenges and uncertainties described in Exterran's Annual Report on Form 10-K for the year ended December 31, 2012 and those set forth from time to time in Exterran’s filings with the Securities and Exchange Commission. Except as required by law, Exterran expressly disclaims any intention or obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.
Editors Notes:
- PRICO-C2 is the newest generation of Black & Veatch’s proprietary PRICO® closed-loop refrigeration system.
- Black & Veatch has been a pioneer in the natural gas industry since the 1960s. The company’s proprietary PRICO process is used extensively for liquefaction of natural gas on a worldwide basis.
- Primary benefits of the PRICO-C2 system include:
- More than 10 percent total power savings over conventional technologies – a savings that will increase for richer feed gases
- High performance without overspending on compression. The closed-loop refrigeration system does not vary with feed gas fluctuations, flow rates or process unit upsets.
- A system that is easily adjusted to reject ethane into the sales gas as dictated by economic parameters. High propane recovery levels are maintained during this operating mode
Media Contact Information:
BLACK & VEATCH
LINDA LEA | + 1 913 458 4629 p | +1 913 951-9614 m | LeaLA@bv.com
24-HOUR MEDIA HOTLINE | +1 866 496 9149
EXTERRAN
MIKE HOPFE | +1 281 836 7592 | Mike.Hopfe@Exterran.com