Calgary, AB. December 3, 2012 – Maxxam Analytics is pleased to announce a technology leap in natural gas liquids (NGL) compositional analysis that contributes to the key business needs of the industry including reduced economic risk between processors and midstreamers.
When it comes to custody transfer, each party is intent upon ensuring an accurate financial evaluation of the product that is being transferred to or from their operation. “Processors and midstreamers are now able to generate more accurate and defensible valuations of product streams by depending on Maxxam’s enhanced NGL analysis,” says Fred Hutchings, Senior VP, Petroleum Services.
The value of NGLs is defined by the reported composition or “heating value” of the product. Many factors, both outside and inside of the laboratory, can adversely affect the compositional valuation of NGLs. A little known, though significant, fact is that the accuracy and precision of the reported composition is dependent on the procedure used to perform the analysis relative to the nature of the sample being analyzed.
Historically, industry standard methods focused on the hydrocarbon component concentration for lighter ends with assumptions made about the heavier components that were typically grouped into C6 and C7+ pseudo-components. However, it is now common for Western Canadian NGL streams to contain concentrations of C6 and C7+ components that are well in excess of the analytical range for the “standard” procedures.
“Maxxam’s NGL technology leap uses innovative sample phase control and advanced chromatographic techniques to improve the overall accuracy and reliability of the compositional analysis,” says Owen Krauss, General Manager – Petroleum Services. “Maxxam’s proprietary technique delivers superior analytical precision and comprehensive characterization of higher value, heavier end components with significant economic impact for our customers.”
Maxxam creates value for the oil and gas industry by delivering the most comprehensive range of analytical services that address customers’ key business objectives: from productivity to regulatory compliance. “We are the scientific leaders in gas analysis and oil sands solutions – from setting up onsite laboratories to tailings management services,” says Hutchings. “Customers leverage Maxxam’s technical expertise to optimize their operational processes and to design customized solutions that serve the emerging needs of the industry.” For more information about Maxxam’s technology leap in gas analysis, please visit maxxam.ca/NGL or email: firstname.lastname@example.org.