Magnesium Elektron Introduces Proprietary SoluMag(TM) Alloy for Making Down-Hole Oil and Gas Industry Tools That Dissolve After Use

Magnesium Elektron, a world leader in the development, manufacture and
supply of high‐performance magnesium alloys, has introduced SoluMag™, a
proprietary high-strength, soluble magnesium alloy developed
specifically for making down-hole oil and gas industry fracking tools
that will quickly and safely dissolve after use. The company has applied
for a patent for the alloy.

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Down-hole fracking tools made from Magnesium Elektron’s SoluMag™ alloy dissolve quickly and safely after use. (Photo: Business Wire)

Traditional fracking requires expensive machinery to remove plugs, balls
and other temporary tools that have served their purpose, thus to enable
an unimpeded flow of oil and gas. Tools made from SoluMag dissolve
completely after use, eliminating the need for such costly intervention.

“SoluMag dissolves quickly, predictably and at lower temperatures than
other soluble materials used in these applications,” said Guy Roberts,
head of sales and marketing for Magnesium Elektron. The first public
showing of SoluMag took place at the Global Petroleum Show in Calgary,
Canada, in June. A time-lapse video showed the material being dissolved
in saline solution. Also on show were samples at various levels of
dissolution, as well as test data covering strength and corrosion rates.
This generated a high level of interest from completion companies and
tool suppliers and led to initial product sales for laboratory and field
testing.

Magnesium Elektron has since announced further product developments,
including the ability to customize rates at which the alloy dissolves.

Roberts noted that SoluMag joins a long line of highly specialized
magnesium alloys developed by Magnesium Elektron, including SynerMag®, a
dissolving alloy now undergoing in-body tests for cardiovascular stents,
as well as a wide range of high-performance aerospace alloys, including
Elektron® 43, which was recently approved for use in civilian aircraft
seats. “Our aerospace pedigree means that our alloys are of the highest
quality and consistency, so end-users can be confident that tools made
from SoluMag will behave predictably down-hole,” he said.

SoluMag products will next be shown at the Society of Petroleum
Engineers (SPE) Annual Technical Conference and Exhibition in Houston,
Texas, September 28-30, 2015.

About Magnesium Elektron

Founded in 1936, Magnesium Elektron (www.magnesium-elektron.com)
specializes in developing, manufacturing and supplying magnesium
products and services to technology industries worldwide. The company
operates manufacturing facilities in Swinton, England; Lakehurst, N.J.;
Riverhead, N.Y.; Madison, Ill., Findlay, Ohio; Cincinnati, Ohio;
Tamaqua, Pa.; Ontario, Canada; and Louka u Litvínova, Czech Republic.
Magnesium Elektron is a unit of Luxfer Group (NYSE:LXFR, www.luxfer.com).

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