Corac Group subsidiary Corac Energy Technologies (CET) has signed an amendment to its contract with Aramco Overseas Company, a subsidiary of Saudi Aramco, for a revised scope of work to develop an in-pipe gas compressor (IGC).
The amendment will enable CET to support the design, development, build and test stages of the system for the energy industry.
It follows joint reviews with the Aramco team in the Kingdom of Saudi Arabia of the available wells and the technical options to provide compact compression at the wellhead.
The system will be designed to satisfy a range of well conditions with several hundred candidate wells, to provide potentially substantial returns to CET. Detail design and build of the revised system will begin immediately with field testing anticipated in early 2015.
Corac group chief executive Phil Cartmell said: "This is a big step in the wellhead compression program, as it confirms the strategic route forward and adds a further financial contribution. We now enter a staged development project with our partners in the Kingdom of Saudi Arabia, focused on delivering the first system of its kind in 2015."
