ABU DHABI, United Arab Emirates, April 8, 2010 — Abu Dhabi Company for Onshore Oil Operations (ADCO) has initiated an enhanced oil recovery project that will test the injection of carbon dioxide (CO2) into pilot wells in a carbonate reservoir in the MENA region of Abu Dhabi. Praxair Gulf Industrial Gases LLC, an Abu Dhabi-based subsidiary of Praxair, Inc. (NYSE:PX), is supplying the required CO2 and injection operations under a contract with Abu Dhabi Future Energy Company (MASDAR).
The pilot began operations in the fourth quarter of 2009. A continuous supply of 60 tons per day (1.2 million standard cubic feet per day) of CO2 is being provided to ADCO and is being injected into one of the pilot wells.
“Praxair is very pleased to have been selected by MASDAR for this project,” said Eduardo Menezes, president of Praxair Europe. “Carbon capture and storage, with the added benefits of enhanced oil recovery, is one of the potential solutions that will allow fossil fuels to continue to be used while protecting the environment.”
Praxair has been helping oil producers increase extraction and efficiency with carbon dioxide and nitrogen injection systems for more than 30 years. Praxair’s largest enhanced oil recovery project to date involves two plants that deliver 6,800 tons of nitrogen per day to Pemex in southern Mexico.
MASDAR is Abu Dhabi’s multi-faceted initiative advancing the development, commercialisation and deployment of renewable and alternative energy technologies and solutions. MASDAR is driven by the Abu Dhabi Future Energy Company (ADFEC), a wholly owned company of the government of Abu Dhabi through the Mubadala Development Company. For more information about the MASDAR Initiative, please visit www.masdaruae.com.
Praxair, Inc. (NYSE:PX) is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2009 sales of $9 billion. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair products, services and technologies bring productivity and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and others. More information on Praxair is available on the Internet at www.praxair.com.