ChampionX has secured two contracts on April 8 worth a combined £2.8 million (US$3.9 USD), to deliver its next generation, non-toxic chemicals to two major North Sea operators.
The company’s environmentally acceptable corrosion inhibitor product line has been developed to enable E&P organizations to economically extend the life of their assets in a sustainable way, without sacrificing efficiency.
Corrosion inhibitor chemicals are widely used as a preventative measure in pipeline systems and are deployed from wellheads to processing facilities and export lines. This infrastructure is typically made of carbon steel and exposed to dissolved acidic components such as CO2 and organic acids in the presence of water, which creates a continuous threat of corrosion.
ChampionX’s latest range of environmentally acceptable corrosion inhibitors meet the strict North Sea environmental regulations and use active components that are biodegradable, making them non-toxic to marine life. The chemicals deliver an effective preventative corrosion method while ensuring assets can operate safely for years to come, with a reduced environmental impact.
The global chemistry solutions and technologies company has seen, through a successful field trial, its new inhibitor deployed to help avoid production deferment on a major UKCS operator’s platform in the North Sea. The second client’s supply will be used at its FPSO vessel from second-quarter next year.
ChampionX’s new, non-toxic corrosion inhibitor portfolio, which is the result of a robust four-year research and development program, was created at the company’s technology center in Aberdeen, and is specifically suited to the harsh and severe corrosion environment of the North Sea.
“We recognized the value in developing a more environmentally acceptable solution, with the goal of enabling our customers to prolong the life of assets and maximize recovery without sacrificing on efficiency. The non-toxic, biodegradable corrosion inhibitor is a more sustainable option to traditional chemicals, producing a more environmentally acceptable solution,” Susan Hart, ChampionX general manager Europe, Middle East & North Africa, said.
This latest ChampionX corrosion inhibitor development has met the requisite high environmental standards set by the Centre for Environment, Fisheries and Aquaculture Science (CEFAS).
Recommended Reading
Equinor Releases Overview of Share Buyback Program
2024-04-17 - Equinor said the maximum shares to be repurchased is 16.8 million, of which up to 7.4 million shares can be acquired until May 15 and up to 9.4 million shares until Jan. 15, 2025 — the program’s end date.
Some Payne, But Mostly Gain for H&P in Q4 2023
2024-01-31 - Helmerich & Payne’s revenue grew internationally and in North America but declined in the Gulf of Mexico compared to the previous quarter.
President: Financial Debt for Mexico's Pemex Totaled $106.8B End of 2023
2024-02-21 - President Andres Manuel Lopez Obrador revealed the debt data in a chart from a presentation on Pemex at a government press conference.
Green Swan Seeks US Financing for Global Decarbonization Projects
2024-02-21 - Green Swan, an investment platform seeking to provide capital to countries signed on to the Paris Agreement, is courting U.S. investors to fund decarbonization projects in countries including Iran and Venezuela, its executives told Hart Energy.
Shell’s CEO Sawan Says Confidence in US LNG is Slipping
2024-02-05 - Issues related to Venture Global LNG’s contract commitments and U.S. President Joe Biden’s recent decision to pause approvals of new U.S. liquefaction plants have raised questions about the reliability of the American LNG sector, according to Shell CEO Wael Sawan.