2014-12-11 Financial news
Alfa Laval wins SEK 55 million oil and gas order in the U.S.
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply heat exchangers to an oil production facility in the U.S. The order is booked in the Energy & Process segment and has a value of approximately SEK 55 million. Delivery is scheduled for 2015.
The order comprises heat exchangers for cooling carbon dioxide in an enhanced oil recovery process (EOR). EOR is an umbrella term for various processes that can increase the amount of oil that can be extracted from a well. One of the most common processes for achieving this is by carbon dioxide injection.
“This order is interesting in many ways,” says Lars Renström, President and CEO of the Alfa Laval Group; “Not only does it confirm our products’ reliability and performance in demanding applications, but it is also the second order in a short period of time specifically for EOR.”
Did you know that… traditional oil extraction methods enable an exploration rate up to 40 percent, but by using EOR this can be raised up to 65 percent, depending on the oil well?
About Alfa Laval
Alfa Laval is a leading global provider of specialized products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling.
The company’s equipment, systems and services are dedicated to assisting customers in optimizing the performance of their processes. The solutions help them to heat, cool, separate and transport products in industries that produce food and beverages, chemicals and petrochemicals, pharmaceuticals, starch, sugar and ethanol.
Alfa Laval’s products are also used in power plants, aboard ships, oil and gas exploration, in the mechanical engineering industry, in the mining industry and for wastewater treatment, as well as for comfort climate and refrigeration applications.
Alfa Laval’s worldwide organization works closely with customers in nearly 100 countries to help them stay ahead in the global arena.
Alfa Laval is listed on Nasdaq OMX, and, in 2013, posted annual sales of about SEK 29.8 billion (approx. 3.5 billion Euros). The company has today, after the acquisition of Frank Mohn AS about 17 500 employees.
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