Wescorp Energy announced that Western Canadian Oil Sands Inc., (WCOS), has leased a 2,000 barrel per day H2Omaxx water remediation unit to meet its Environmental Water Regulatory Requirements, for its oil sands operations in the Athabasca Oilsands in Northern Alberta, Canada.
H2Omaxx is a commercially proven, safe, effective and economical process for cleaning and separating oil and solids from produced water using patented technology. Test results on the H2Omaxx unit have been shown to reduce the oil content in produced water to less than 0.001% or 10 parts per million, thereby allowing oil and gas operators to reduce, reuse, and recycle water. Wescorp will commence construction of the H2Omaxx unit during the fourth quarter and deploy it into the field upon completion. The initial term of the lease is for one year.
Western Canadian Oil Sands is a well financed Canadian Company, focused on exploring and developing proven oil sands in Alberta, Canada by acquiring low-risk, high impact properties. Its current land portfolio includes 5 strategic land positions, including 17 sections covering 10,880 acres in the Western Canadian Sedimentary Basin.
"We are very pleased to have the opportunity to use Wescorp's H2Omaxx water remediation technology in our oil-sands operations," commented Errin Kimball, President and CEO of Western Canadian Oil Sands. "The use of water is one of the critical issues that oil-sand operators are facing today. The H2Omaxx technology provides us with a solution that provides benefits to our company both in terms of lowering our exploration cost and lessening the impact to the environment."
"We are honored to have Western Canadian Oil Sands choose our water remediation technology as its first choice solution for its oil sand operations," commented Doug Biles, President and CEO of Wescorp Energy. "Based on 51-101 Technical Reports completed in late 2008, WCOS estimated its P50 reserves to be 409.4 million barrels of bitumen. WCOS is an aggressive and fast-moving company and Wescorp is looking forward to providing additional H2Omaxx units as its operations grow."
Western Canadian Oil Sands has agreed to allow heavy-oil operators to visit the site and view its operations. It also has agreed to share its internal data which Wescorp is confident will demonstrate that with the use of the H2Omaxx units, oil sand productivity is enhanced, production costs are significantly reduced, and vast amounts of water are being remediated, reused and recycled.
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