Abstract: Compressor installation with a compressor element, an outlet with an outlet line, and a dryer, that is provided with a drying section and a regeneration section. The drying section is provided with a first inlet and a first outlet. The first inlet is connected to the outlet line. The regeneration section is provided with a second inlet and a second outlet. A regeneration line (is provided between the second inlet and a first point of the outlet line. At the second outlet a return line connects the second outlet to a second point (on the outlet line downstream of the first point. A primary portion of a heat exchanger is incorporated in the return line. A secondary portion of the heat exchanger is incorporated in an oil circuit of the compressor element.