This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Capstone Receives Another Significant Order In The Vietnam Oil & Gas Market

CHATSWORTH, Calif., July 8, 2013 (GLOBE NEWSWIRE) -- 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.

"We are proud to introduce highly reliable Capstone microturbines to Vietnam's oil and gas market," said Do Long Phi, Managing Director, ADA Engineering Co. Ltd., Capstone's distributor in Vietnam. "Winning this major project over gas engine competitors demonstrates the significance of microturbine reliability in the buying decision. As Vietnam's oil and gas production continues to grow, I strongly believe highly reliable microturbines will play a key role in both onshore and offshore markets. Currently oil and gas revenues serve about 20 percent of the country's gross domestic product."

With an estimated population of 90.3 million in 2012, Vietnam is the eighth-most-populous Asian country in the world, and 13th-most-populous country.  

Across the globe, Capstone microturbines reliably power oil and gas producing operations using unprocessed wellhead gas to generate continuous power. Capstone platform power solutions require little maintenance and avoid fuel transport and disposal of hazardous lubricants.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs