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Capstone wins microturbine order offshore Africa

19th September 2014

Capstone Turbine Corporation has announced that it received an order for two C1000 microturbines for an offshore oil and gas platform in Africa

Capstone wins microturbine order offshore Africa
The two C1000s will run on flare gas to power artificial lift equipment, more specifically electrical submersible pumps that are used to increase oil production

"We are delighted to see the further expansion of our footprint in the African oil and gas market," said Jim Crouse, executive vice president of sales and marketing at Capstone Turbine. "By leveraging our demonstrated success in oil and gas operations around the world, we are able to meet the demanding requirements of oil and gas operators in challenging environments such as Africa."

According to the International Energy Agency (IEA), Africa is expected to consume 4.5 million barrels of oil a day by the year 2020, up 29 per cent from today.

This is more than twice the IEA's projection for Asia and nearly four times the world-wide rate. Also, according to KPMG Africa, Africa's proven oil reserves accounted for 10 per cent of the world in 2012, or roughly 130 billion barrels. These facts highlight the large demand for, and production of, oil and gas in Africa.

The two C1000s will run on flare gas to power artificial lift equipment, more specifically electrical submersible pumps that are used to increase oil production. The artificial lift market was more than USD 9.2bn in 2012 and is forecasted to grow to USD 16bn in 2018.

Africa and the Middle East are expected to represent 13 per cent of this growth year over year.

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