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Natco Awarded Contract to Provide Membrane Technology for Offshore Libya Project

Source: www.gulfoilandgas.com 7/16/2008, Location: Africa

Natco Group announced that it has been awarded a $24.9 million contract to provide membrane separation technology and equipment to capture CO2 for re-injection in Bouri. Eni Oil Limited Libyan Branch operates the Bouri production platforms in the Mediterranean Sea, one of which will house the pre-treatment equipment and membrane systems intended to treat more than 160MM SCFD gas.

Natco will supply a Cynara(R) membrane system for the selective capture of CO2 from the gas stream for this retrofit project on the existing platform. Natco will design, engineer, and fabricate four membrane skids and related valving, as well as pretreatment equipment. The contract was awarded in May 2008.

John U. Clarke, Natco's Chairman and CEO said, "This project further demonstrates the success of focused efforts to deliver substantial awards in 2008 for our Integrated Engineered Solutions segment, and specifically our strategy to grow the business in the expanding gas market."

"Large, complex offshore CO2 separation projects need reliable, compact designs like our Cynara(R) membrane technology to provide the smallest footprint and the lowest risk solution for these tough offshore operating environments. Natco's ability to deliver in this market is well-proven with several platforms successfully using our membrane technology, including one that has been operating nearly 15 years," said Robert Curcio, Executive Vice President - Integrated Engineered Solutions, Natco.

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