Paddling upstream – water needs in oil & gas
- From: Vol 7, Issue 12 (December 2006)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: General Electric (GE), New Paradigm Engineering, Siemens, Total, Veolia and Westgarth
Water treatment needs within the O&G industry are growing by more than 10% a year. Gord Cope assesses the opportunities for investment in this burgeoning sector.
It is often said, half in jest, that the petroleum industry is actually a water industry, with oil as a by-product. Not only do wells produce far more water than crude (in North America, the average now exceeds 12 barrels of water for each barrel of oil); huge quantities of water are needed to tease it out of the ground ...
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