Copyright © Inderes 2011 - present. All rights reserved.
  • Senaste
  • Börs
    • Aktiejämförelse
    • Börskalender
    • Utdelningskalender
    • Aktieanalys
    • Artiklar
  • inderesTV
  • Portfölj
  • Forum
  • Q&A
  • Om oss
    • Följda bolag
    • Teamet
Regulatoriskt pressmeddelande

Largest oil producer in the world qualifies NORWAPOL® and NORWAFLOC® at the largest offshore oilfield in the world

M Vest Water
Ladda ner börsmeddelandet

Bergen, Norway, March 27, 2025 – M Vest Water (EURONEXT: MVW) announces that Saudi Aramco has decided to qualify NORWAFLOC® and NORWAPOL® at Safaniya, the largest offshore oilfield in the world.

In Q4 2024, MVW successfully verified through initial jar tests that the implementation of MVW's patented NORWAFLOC® chemicals and NORWAPOL® filters can fully meet treatment criteria for current and future discharge limits at Safaniya.

The qualification will be executed in a two-week pilot at Safaniya Oil Field, scheduled to start on June 8th, 2025. The process involves treating a slip stream of 1000 barrels/day with equipment (a flotation unit) where the separation of oil and water is enhanced by dosing NORWAFLOC®, followed by final polishing in our disruptive NORWAPOL® filter.

Upon meeting Saudi Aramco’s treatment success criteria, MVW’s environmentally friendly, natural-based NORWAFLOC® chemical and the polishing filter NORWAPOL® will be qualified for use at Safaniya Oil Field and all Saudi Aramco oil fields in general.

Safaniya Oil Field alone has a produced water production of 600,000 barrels (95,000 m3) per day, representing more than 30% of the total produced water discharges at the entire Norwegian Continental Shelf.

MVW estimates that 20 more fields within Saudi Aramco will need improved treatment of produced water in the near future to meet internal and upcoming regulatory requirements. Among these fields, Gawar Oil Field is the largest onshore field in the world, with a produced water production exceeding the total produced water discharged at the Norwegian Continental Shelf.

The reuse needs of produced water for enhanced oil recovery and significantly tightening discharge and disposal regulations (5 mg oil in water within 3 years) are strong drivers requiring significant investments in this industry in Saudi Arabia in the near future.

MVW can offer very competitive solutions upon successful qualification by Saudi Aramco, where in most cases existing produced water systems can be used as is with the addition of NORWAFLOC® chemical dosing and NORWAPOL® filtration.

“We are very pleased that Saudi Aramco opens its door for MVW to qualify its products. It normally takes 3-4 years to reach this final qualification step, which MVW has now achieved in just half a year. Qualification for Safaniya and Saudi Aramco in general is a significant and important milestone that we believe will boost our commercialization in the entire Middle East region,” says Tor Olav Gabrielsen, Executive Chairman at MVW.

Contacts
For further information, please contact:
 
Tor Olav Gabrielsen, Executive Chairman
tog@mvestwater.com
+47 924 08 607
 
Morten Hilton Thomassen, CFO
mht@mvestwater.com
+47 92 25 85 70

About Us
M Vest Water is an environmental technology company which has developed unique products and solutions to the water treatment industry, both Industrial as well as the Municipal markets. The products are non-toxic, biodegradable and without any harm to the environment. It obtains the highest degree of purification in a cost-efficient arrangement.

M Vest Water is listed on Euronext Growth under the ticker MVW.
For more information, visit www.mvestwater.com.

This information has been submitted pursuant to the Securities Trading Act § 5-12 and MAR Article 17. The information was submitted for publication at 2025-03-27 15:40 CET.

Attachments
Largest oil producer in the world qualifies NORWAPOL® and NORWAFLOC® at the largest offshore oilfield in the world

Följ oss på våra kanaler i social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Ta kontakt
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • Om oss
  • Our team
  • Inderes som en investering
  • Tjänster för börsbolag
Our platform
  • FAQ
  • Servicevillkor
  • Integritetspolicy
  • Disclaimer
Inderes disclaimer gällande utförda aktieanalyser kan läsas här. För mer detaljerad information över de aktier som aktivt bevakas av Inderes, vänligen se respektive bolags bolagsspecifika sida på Inderes webbplats. © Inderes Oyj. Alla rättigheter förbehållna.
  • Senaste
  • Börs
    • Aktiejämförelse
    • Börskalender
    • Utdelningskalender
    • Aktieanalys
    • Artiklar
  • inderesTV
  • Portfölj
  • Forum
  • Q&A
  • Om oss
    • Följda bolag
    • Teamet