–Simark Controls wins new major customer: Canadian Oil Producer places order for Simark’s successful, fully integrated Variable Frequency Drive Systems (VFDs) for their oil assets.
– Simark’s VFD systems help the oil producer to significantly reduce costs with unique installation and operations benefits.
– Order amount: In the upper six-digit CAD range. Delivery and sales & earnings reporting still in 2018.
Brunnthal/Munich, Germany, January 8, 2019 – Simark Controls Ltd., a subsidiary of SFC Energy, leading provider of hybrid power solutions to the stationary and mobile power generation markets, has won another new major oil producing customer. The Canadian Oil Producer has placed an order for Simark’s fully integrated Variable Frequency Drive systems (VFDs) for their oil assets in Alberta. The order amount is in the upper six-digit CAD range. The order was still delivered in 2018 and recognised in 2018 sales & earnings.
The ordered VFD Systems operate electric submersible pumps (ESPs) used to artificially lift heavy oil from well-pads. Simark designed the systems specifically for seamless integration into the customer’s control system, precisely meeting the oil producer’s specific electrical requirements. Additional system benefits are improved system uptimes, optimized pump operation and augmented oil production.
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