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CALGARY, ALBERTA–(Marketwired – June 15, 2016) – Seair Inc. (TSX VENTURE:SDS) (“Seair”) is pleased to announce positive trial results confirming the efficiency of Seair’s gaseous diffusion de-oiling technology for Enhanced Oil Recovery projects that use polymer flooding to stimulate the reservoir. Adding polymers to the injected water is one of the most highly effective methods of Enhanced Oil Recovery, significantly increasing oil production. However, polymer floods produce an emulsion containing a mixture of oil, water and polymers that is stable and resistant to separation of the oil from the emulsified solution. In cooperation with the SNF Group, the global leader in water soluble polymers, Seair reproduced polymer stabilized emulsions to evaluate the efficacy of Seair’s de-oiling technology. With the assistance of SNF, the polymer/crude oil/water emulsion was formulated to mimic actual field conditions, then processed through Seair’s de-oiling system. The system achieved effluent oil levels down to 6 ppm from a stabilized oil/water/polymer emulsion, representing over 98.8% recovery of the emulsified oil with minimal or no input of additional energy.
“We are very impressed with these results. The unique attributes of our technology achieved de-oiling levels exceeding targets at a cost profile that will be unequaled in the industry. When this level of oil recovery is applied to field operations, it can save producers millions of dollars per year in de-oiling and disposal costs,” said, Kyle Greene, Seair Chief Technology Officer.
“As oil wells advance to the latter stages of their life cycle, Enhanced Oil Recovery techniques such as polymer floods are becoming more widely deployed and used to enhance oil recovery in mature reservoirs around the world. This includes some of the world’s largest and most productive oil fields. We are happy to be working with SNF, a world leader in polymer science, to show the superior performance of their polymers in concert with our de-oiling technology,” said, Jeff Seibert, Seair CEO. Further adding, “We have already proven excellent, unannounced results in the field and will be engaging in more production scale polymer flood de-oiling projects in the coming months. Our enabling technology will provide opportunities to grow the global polymer flood landscape as de-oiling can now be achieved simply and more cost-effectively. We are excited at the prospects.”
About Seair Inc.
Seair Inc. is a Calgary based cleantech company. Seair has commercialized proprietary technology that can diffuse gases, such as oxygen, ozone and carbon dioxide, into liquids more effectively and with lower power consumption than the competition. Seair’s patented technologies can produce micron size bubbles that are more efficient than other diffusion technologies because the diffused gases remain in solution for extended periods of time, leading to increased productivity and lower operating costs. Seair has been working with customers in the Oil and Gas industry for over five years. Seair applications include oil sands SAGD water solutions, frac and produced water treatment, industrial ponds treatment, mine dewatering/treatment, end-to-end sewage treatment for permanent residential communities and remote work camps, golf course irrigation and pond treatment and most recently, industrial emissions treatment. Parties interested in obtaining further information or receiving news releases and corporate documents from Seair may email such requests to [email protected] or visit the Seair website at www.seairinc.com.
Statement Regarding Forward-Looking Information
This news release of Seair contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Seair’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “can”, “will,” “would,” “may,” “could” or “should” occur. Forward-looking statements in this document include statements regarding Seair’s expectations regarding the regulatory approval of the Private Placement and closing of the Private Placement. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Seair’s expectations. Seair undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Seair Inc.
Jim Laird
CFO
[email protected]
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Wed, 15 Jun 2016 20:51:36 GMT
