Page 9 - AsianOil Week 36 2021
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AsianOil EAST ASIA AsianOil
CNPC awards oil waste
disposal contract to Recon
PROJECTS & STATE-OWNED China National Petroleum
COMPANIES Corp. (CNPC) has awarded a hazardous waste
disposal contract to local oilfield service pro-
vider Recon Technology.
NASDAQ-listed Recon said on September
7 that the one-year contract, which is worth
around CNY9mn ($1.39mn), covered the trans-
fer and safe disposal of around 6,000 tonnes of
hazardous waste from CNPC subsidiary Yumen
Oilfield’s various production plants.
Recon said its subsidiary, Gansu BHD
Environmental Technology, would dispose of
waste products such as oily sludge temporarily
stored in the plants. Gansu BHD has a built a
CNY40mn ($6.2mn) facility in Gansu Province’s more than 3,000 monitoring instruments and
Yumen City that is capable of treating 60,000 meters.
tonnes per year (tpy) of oily waste. Gansu BHD In addition to its traditional oil and gas busi-
has secured land usage rights for 50 years for the ness, Recon has begun planning for the energy
26,000-square metre facility. transition, announcing earlier this year that it
Recon, which owns a 70% stake in the com- was exploring technologies that include energy
pany, said Gansu BHD had received a hazardous storage, micro-grids, energy management and
waste operating permit from the Jiuquan Envi- blockchain-based energy trading.
ronmental Protection Bureau. Recon said in May it was open to either
The Yumen Oilfield contract comes just a acquiring suitable technology companies, buy-
couple of weeks after CNPC awarded the service ing the technology itself or entering into strate-
provider a contract to maintain a combustible gic partnerships. The company said it had been
toxic gas alarm system at its 13mn tpy (260,000 guided by the trend towards renewables as well
barrel per day) refinery in Yunnan Province. as its strategic partners’ development needs.
Recon said on August 23 that under the The service provider also intends to integrate
four-year contract, which is worth CNY4.1mn advanced technologies into its Future Gas Sta-
($635.2mn), it would be responsible for the tion (FGS) platform, which provides a loyalty
inspection, maintenance and troubleshooting rewards system to customers at more than 400
of the refinery’s alarm system, which consists of retail fuel stations across Zhejiang Province.
OCEANIA
Mineral Resources makes “significant”
Perth Basin gas discovery
PROJECTS & AUSTRALIAN mining services provider significant drilling break and elevated gas read-
COMPANIES Mineral Resources has announced a “signif- ings. High gas readings were encountered across
icant” natural gas discovery at the Lockyer a 26-metre gross sand interval.
Deep 1 project in Western Australia’s onshore Elevated gas readings continued in sand-
Perth Basin. stones to the top of the Bit Basher Shale at 4,109
The company said on September 8 that the metres, while elevated gas readings were also
well, which was spudded in late July and reached observed from within the High Cliff Sandstone
a total depth of 4,274 metres on September 6, at a depth of 4,172-4,214 metres. The company
had identified a significant gas discovery in the added that, based upon the available data, there
primary objective Kingia Sandstone. was no evidence of gas water contact.
The top of the Kingia Sandstone was inter- Mineral Resources’ managing director,
sected at 4,041 metres and was marked by a Chris Ellison, said the next step would be
Week 36 09•September•2021 www. NEWSBASE .com P9
