Market Overview

Capstone Wins Order for ~50K Barrels Yield in Vietnam's Oil, Gas Market

Related CPST
Capstone Announces Launch of Capstone Energy Finance Joint Venture
Capstone Microturbine to Power United States Marine Corps Base
Capstone gets two new German orders (Seeking Alpha)

Capstone Turbine Corporation ( (Nasdaq: CPST), the world's leading clean technology manufacturer of microturbine energy systems, today announced it received an order to provide four C200 C1D2 Capstone microturbines to a leading oil and gas producer for two offshore platforms in Vietnam.

Located in the Cuu Long basin off southern Vietnam, the platforms are expected to yield an oil flow of approximately 50,000 barrels per day combined and generate a production value of approximately 5 million U.S. dollars per day.

The four C200 C1D2 microturbines will run on wellhead gas that flows through the offshore platforms, which eliminates the need for special fuels to be shipped to the platform. The microturbines will provide all power on the platforms. They are Optimal UL Class 1 Division 2 or ATEX Class 1 Zone 2 certified for use in hazardous areas, take up minimal space because of their small footprint, and require very limited maintenance.

The C200s will be installed in May 2014 and are expected to be commissioned in August 2014.

Posted-In: News Contracts


Related Articles (CPST)

View Comments and Join the Discussion!

Get Benzinga's Newsletters