October 26, 2011 -- Enviro Voraxial Technology, Inc. (OTCBB: EVTN) announced today that it has received a multi-unit purchase order to install four (4) Voraxial® 2000 Separators at the oil production facilities of one of the world's largest oil and gas production and exploration companies. The Voraxial® Separators, which were recently shipped, will be installed for bulk oil/water/solid separation. This application for the Voraxial® represents a large global market requiring bulk oil, water and solid separation as a critical part of the oil production process. EVTN's patented Voraxial® technology provides the oil producers with a more compact and effective solution which increases efficiencies and decreases cost for the oil companies.
This customer processes millions of gallons of produced water per day and is a world leader in applying advanced technology to boost production from mature oil and natural gas fields and access hard-to-reach reserves. It is a high priority for most oil companies to consistently replace and expand reserves through improved recovery. EVTN's advanced Voraxial® separation technology can assist the oil companies in meeting these objectives
The water that is extracted from the ground with the oil is called produced water. Produced water comprises over 98% of the total waste volume generated by the oil and gas industry, making it the largest volume waste stream associated with oil and gas production. Oil reservoirs frequently contain large volumes of water and as oil wells mature, the amount of oil produced from the well decreases while the amount of water needed to be treated increases. In the continental United States, it is estimated that more than 10 barrels of water are produced for each barrel of recovered oil. The efficient separation of oil from produced water and the environmentally responsible treatment of the remaining water are critical processes in the production of oil. EVTN's Voraxial® Separator offers the industry an economical solution to treat this increasing volume of produced water.
"We are proud of our growing relationships with major oil exploration and production companies. This shipment represents another significant installation this year with yet another major customer," stated John A. DiBella, COO of EVTN. "We are achieving our goals this year regarding record sales and profits and are on target for a similar growth in 2012."
Due to contractual agreements, often required by major corporations, the customer's name is withheld.
From our previous newsletter
EVTN is experiencing record sales this year while focusing system development and sales efforts towards oil/water/solid separation applications for offshore and onshore production facilities in the oil exploration and production industry. These results follow EVTN management's decision to concentrate resources and R&D funds on the oil exploration and production market. The company's unique technology allows it to effectively separate contaminants from a large volume of liquids with low energy, space and weight requirements. These attributes along with its ease of operation and separation efficiency make the technology desirable for use in multiple industries and led the Company to reach the finals of the X CHALLENGE.
ABOUT ENVIRO VORAXIAL TECHNOLOGY
Enviro Voraxial Technology, Inc. (OTCBB “EVTN”) is a Fort Lauderdale, Florida based CleanTech company that developed and manufactures the Voraxial Separator, a highly efficient technology for high volume, bulk separation of fluids such as oil and water.
The Voraxial Separator, a unique, patented in-line turbo-separator that provides a cost effective method to efficiently separate large volumes of solids and liquids with different specific gravities and without the need of a pressure drop. The Voraxial provides highly efficient bulk separation while requiring less space, energy and weight than conventional separators processing the same volume. The Voraxial is capable of simultaneously separating up to three components, such as oil, water and sand. The Voraxial can be used as a stand-alone separator or incorporated with other equipment to provide a complete turnkey solution that allows customers to treat a variety of fluid streams while reducing treatment cost and increasing separation efficiency.
The separation market encompasses a series of multibillion dollar segments, spread globally across many industries and applications. EVTN continues to pursue the oil & gas industry but is also processing proposals from other industries such as mining, food processing, manufacturing and oil spill industries. EVTN owns significant IP surrounding the Voraxial and has new innovations under development. Please see www.evtn.com for additional information.
