Dresser-Rand and Statoil Launch Joint Research and Development Project Based on ICS (USA)

Dresser-Rand Group Inc.  and Statoil announced that they have launched a joint research and development project based on Dresser-Rand’s Integrated Compression System (ICS).

The ICS is an advanced technology platform that uses high-efficiency DATUM centrifugal compressor technology driven by a high speed, close-coupled motor. The compressor rotor incorporates a proprietary, integrated gas-liquid separation unit avoiding the use of a large static inlet scrubber to protect the compressor. The compression system is complete with process gas coolers, process piping, valves and instrumentation, all packaged into a single lift module. The ICS provides a complete compression system for applications in upstream, midstream and downstream markets, featuring the industry’s smallest footprint – with reduced weight – at the lowest total installed cost. A first unit has been built and shipped in September 2010, and is expected to start operation later this year.

Initially, the companies will focus on configuring the ICS package for high power applications in a nominal 8-12 MW range.

Once the equipment operating conditions and package requirements have been clearly defined, Dresser-Rand will build a high power ICS and test it in its unique liquid-gas hydrocarbon facility in Olean, N.Y., USA.

In addition, Dresser-Rand plans to conduct testing on a sub-sea test stand to be constructed along side the existing facility, also in Olean. This phase is expected to be completed during 2012.

“We believe this joint industry development program will lead to an improved value proposition for the ‘only-in-class’ Integrated Compression System, and will help accelerate the broad market acceptance of the technology for both topside and subsea applications,” said Vincent R. Volpe Jr., Dresser-Rand’s President and CEO. “We are excited to be working jointly with Statoil, one of the premier producers in the industry, a long time client, and a recognized technology leader.”

About Dresser-Rand

Dresser-Rand is among the largest suppliers of rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries. The Company operates manufacturing facilities in the United States, France, United Kingdom, Spain, Germany, Norway, India, and China, and maintains a network of 41 service and support centers covering more than 140 countries. Dresser-Rand has principal offices in Paris, France, and Houston, Texas.

About Statoil

Statoil is an international energy company with operations in 34 countries. Building on more than 35 years of experience from oil and gas production on the Norwegian continental shelf, Statoil is committed to accommodating the world’s energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil is headquartered in Norway with 20,000 employees worldwide, and is listed on the New York and Oslo Stock Exchanges.

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Source: Dresser-Rand, June 20 , 2011;