Hexagon to Provide Mobile Pipeline Modules to Leading Oil & Gas Player
Hexagon Lincoln has entered into a long-term agreement with Certarus, a leading provider of fully integrated CNG delivery solutions, for the sale of mobile pipeline modules to the oil and gas exploration and production industry. As part of the agreement that runs through 2020, Hexagon Lincoln has received an initial order for TITAN 4 modules from Certarus with a total value of $20.6 million.
With this order, Certarus is expanding its already large TITAN fleet. The recovering oil and gas market is exploring all options to reduce costs of operations. The use of CNG in the oil field continues due to its lower distributed cost compared to diesel. Hexagon Lincoln says the lower CNG prices relative to diesel, paired with higher transport efficiency, improve the competitiveness of mobile pipeline operators.
“We see an increasing adoption of natural gas to displace diesel, propane and burner oil to promote cost savings and reduce the environmental footprint,” says Curtis Philippon, President & CEO of Certarus Ltd. “Hexagon designs some of the highest pressure, highest volume transport trailer systems available and proves to be ideal for our applications.
Deliveries are scheduled to begin in the second quarter of 2017 and continue through the first quarter of 2018.