18 Mar 2013 07:00
March 18th 2013
Nature Group PLC
"Nature Oil & Gas receives two orders for its Compact Treatment Units"
Nature Group PLC (AIM: NGR), the leading maritime and offshore oil and gas waste treatment specialist is pleased to announce two further orders for its Compact Treatment Units.
Nature has been contracted for 1 year by North Atlantic Drilling AS ("Seadrill") to support the processing of liquid waste generated on its West-Hercules drilling rig in the Barents Sea and by Ocean Rig in Brazil to support the processing of liquid waste generated on its Corcovado drill ship, drilling for Petrobras. The initial contract is for treating the current appr. 1.000M3 of collected waste on the Corcovado rig with an option for Ocean Rig to enter into a further contract for up to three years dependent on success.
The West-Hercules is a semi-submersible drilling rig and is used for ultra-deep water drilling and harsh environment operations. In the very ecologically sensitive Barents Sea region it is under contract by Statoil AS with a multiple year contract. In addition to its "Compact Treatment Unit" (CTU) for on-site waste water treatment, a "Sludge Treatment Unit" (STU) for drilling mud treatment will be included in the rental contract to enable zero hydrocarbon discharge criteria to be met.
The Corcovado is a modern drill ship used for ultra-deep water drilling and Nature will work together on this project with its local partner, Alliance Ambiental Ltda from Rio de Janeiro.
For each contract Nature will rent out its "Compact Treatment Unit" (CTU) for on-site waste water treatment, in combination with its operators and its set of environmental friendly treatment chemicals. Nature's technology will clean the waste water to meet the local discharge criteria, with target water to be discharged as low as
Stig Feyling, the CEO of Nature Oil and Gas, comments "I am very satisfied that our environmental technology can prove itself in the Barents Sea and especially in such a high impact project: It's good to see our loyal customer Seadrill, again award us a contract. We are confident this will demonstrate our offshore waste processing capabilities. In relation to the Ocean Rig contract in Brazil, I am very happy that we have achieved a breakthrough into one of the world's most promising Oil & Gas markets. Together with Alliance Ambiental we have been marketing our solution very strongly during the last year and we see a promising future. Ricardo Rezende, the CEO of Alliance Ambiental, comments " There is a big need for environmental technology that can support the growth of the Brazilian offshore Oil & Gas operations, Nature's offshore waste processing concept can play a very big future role in that"".
About Nature Group:
A company with more than 25 years' experience in waste water treatment and a unique corporate social responsibility (CSR) strategy that enables us to be truly a part of Nature and responding to the ever expanding and demanding legislative framework.
Nature Group combines port reception services and facilities, offshore treatment services and the latest sustainable waste treatment technologies in a steadily growing global network. Nature Group is traded on the AIM market, (ticker: NGR). www.ngrp.com
For further information contact:
Nature Group:
Andreas Drenthen, CEO Tel 0031 1812 911 44
andreas.drenthen@ngrp.com
Nature Oil and Gas:
Stig Feyling (CEO) Tel 0047 917 571 31
stig.feyling@ngrp.com
WH Ireland:
James Joyce / Nick Field, Nominated Tel 0044 207 220 1666
Adviser
Seb Wykeham / Ruari McGirr, Broking Tel 0044 207 220 1666
Hermes Financial PR:
Chris Steele Tel 0044 7979 604 687
Trevor Phillips Tel 0044 7889 153 628