Veolia Environnement, the largest water and wastewater-treatment company in Europe, won a contract from a subsidiary of Colombia’s national oil company to treat produced water from a remote oilfield in Llanos Basin.
The $73 million award from the U.S. unit of Ecopetrol SA (ECOPETL) for the Castilla site southeast of Bogota shows the demand for recycled water technologies in the oil and gas industry, the Paris-based utility said today. The water-treatment equipment and services pact follows similar contracts in Taiwan and Canada, Veolia Chairman Antoine Frerot said in a statement.
Produced water is separated from oil at the wellhead yet must be processed to eliminate oil residue, suspended solids, chemicals and other contaminants before reintroduction into the ecosystem, Veolia said. The company’s systems remove and recover oil from the produced water, treat sludge and cool the water prior to discharge, it said.
Veolia shares have risen 40 percent over the past year compared with a 3 percent gain by the 19-member Bloomberg World Water Index.
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