Recon Technology’s new oilfield wastewater treatment device gets patent
China’s State Intellectual Property Office has awarded a patent for the Oilfield Wastewater Treatment Device by Recon Technology, Ltd., a leading independent oilfield services provider operating primarily in China.
Recon Technology is China’s first non-state owned oil and gas field service company listed on NASDAQ. Recon supplies China’s largest oil exploration companies, Sinopec and CNPC, with advanced automated technologies, efficient gathering and transportation equipment and reservoir stimulation measure for increasing petroleum extraction levels, reducing impurities and lowering production costs.
Oily wastewater is the outcome of the oilfield exploitation process, contains water, various oils, chemical polymers, heavy metals, microorganisms, and suspended and dissolved solids. The treatment of oilfield wastewater represents not only serious operational issues, but also a major environmental challenge to all oil producers.
As a total solutions provider to Chinese state-owned petroleum companies, Recon has developed the Oilfield Wastewater Treatment Device to improve the effectiveness of water treatment, reduce infrastructure investment and operating costs for oil companies.
The patented device can separate the sewage sludge and oil pollution from crude oil in one integrative equipment and at the same time, produce water that is qualified for direct discharge, reinjectionor other oil-company projects, thus significantly increasing the processing effectiveness and cost-savings of wastewater treatment.
In addition to this patent, the company is currently applying for several other patents designed to facilitate removal of toxic substances and metallic elements from wastewater.
Shenping Yin, Chairman and CEO of Recon said that they started developing new products for oilfield wastewater treatment last financial year and they were able to achieve preliminary business results.
“Two major advantages of our device and resolution are to dramatically save space and reduce costs for our clients, which are particularly attractive, given current low oil prices,” Yin added.