Gavlan 14 Dec 2013 14:44
Corac’s compressors are not only compact
in size and can run at super-fast speeds,
they are also light-weight and have
frictionless bearings (no oil), so require
minimal maintenance.
In addition, they must work several
kilometres below the ground, in a tight
space (usually a pipe just a few inches
across, so minimal ventilation) and at
extreme temperatures. If that’s not enough
to cope with, they are also exposed to
toxic chemicals from the well, water and
other particles. You can now appreciate
why these ground-breaking compressors
have taken so much time and money to
develop.
The industry giants are taking notice. Oil
giants BP and Saudi Aramco have dipped a
toe, signing small deals to test the
technology. Eni and Tullow Oil have also
shown considerable interest in the
technology.
Corac’s compact compressors are just as
useful in ‘resuscitating’ all natural gas
wells. The United States alone has just
over 500,000 producing gas wells and this
number has been steadily growing every
year as the shale gas industry rapidly
expands.
If even a fraction of the existing gas wells
benefit from using a DGC to boost gas
recoveries, then Corac could make a
fortune. But if shale becomes as big as
hoped, the opportunity for Corac could be
off the scale.
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Corac (CRA)
“The secret UK stock set to profit from the shale mega-boom”
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