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Gold/Mining/Energy : Enerflex

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To: Copperfield who started this subject12/5/2002 7:24:17 PM
From: Copperfield   of 9
 
Enerflex awarded a $3.3 million flared gas power generation project

CALGARY, Dec. 5 - Enerflex Systems Ltd. (EFX:TSX), a leading
Canadian supplier of products and services to the global oil and gas
production industry, announced today that it has been awarded a turnkey
project by Star Oil & Gas Ltd. for a $3.3 million flared gas power generation
project at Red Earth Creek and Loon Lake, 100 kilometres north of Slave Lake.
"This is an ideal undertaking for Enerflex as it allows us to supply Star
with a single provider for the entire project," says Yves Tremblay, Enerflex's
Vice President for Power. "For this turnkey project, Enerflex is responsible
not only for the equipment and design engineering, but also all the project
management, permits, site work, site installation and commissioning. Finally,
the Company was also awarded the service contract for maintenance of the
equipment - an excellent example of a total Enerflex solution to a customer's
needs."
Four generating sets will be installed at the Star oil batteries
currently producing flare solution gas, three at Loon Lake and one at Red
Earth Creek. Enerflex-built equipment will conserve this gas by means of gas-
fired reciprocating-generating units, producing a total of 2.62 megawatts of
electricity for the Alberta power pool. Gas that normally would be flared into
the atmosphere is being used to produce electrical power. The life of this
project is expected to be approximately 15 years. "Star's goal for this
project is to reduce flared gas emissions at site," says Kevin Carroll,
Manager of Facilities for Star. "With this equipment, Star's flared emissions
in Alberta will be reduced by two-thirds - a definite success story."
"Star is in an enviable position with this project. Enerflex is able to
provide the equipment on a turnkey basis, making the involvement from Star
minimal. Through this partnership with Enerflex, we are able to optimize
equipment and increase power output." Carroll concludes, "This project would
not have been possible without the involvement of many key Enerflex personnel
who brought tremendous 'horsepower' - an in-depth knowledge of the power
generation field - to the table."
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