ProSep Announces $9 Million Contract Awards in South East Asia
For a large produced water treatment system and fuel gas treatment package
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwire) -- 10/13/11 -- ProSep Inc. (TSX: PRP) ("ProSep" or the "Company"), dedicated to providing process solutions to the oil and gas industry, today announced it was awarded two contracts totalling $9 million. The first contract is for a large produced water treatment package, and the second is for the supply of a fuel gas treatment system. Both systems will be delivered and installed in 2012 on two distinctly-owned and operated offshore production platforms in South East Asia.
"The investments made this year to implement our new strategy are starting to produce tangible results," said Jacques L. Drouin, President & CEO. "We are entering the fourth quarter with a strong balance sheet and book of opportunities."
The produced water treatment solution will consist of two skid mounted packages utilizing ProSep's hydrocyclone, gas flotation unit and desanding system designs. Like most of ProSep's solutions, this system is designed to be compact, motion-insensitive and highly efficient. It will remove small particles of oil contaminants from produced water, allowing oil and gas producers to meet specifications for reinjection or regulatory requirements for overboard discharge.
ProSep's fuel gas treatment systems are engineered to deliver clean liquid- and solid-free natural gas. They are ideal for gas turbines where severe damage due to low-quality gas may otherwise occur. ProSep supplies complete modules for the provision of clean, dry and metered gas at the required temperature and pressure. Our customized fuel gas systems are reliable, safe and tailored to suit customer requirements.
About ProSep
ProSep is a technology-focused process solutions provider to the upstream oil and gas industry. ProSep designs, develops, manufactures and commercializes technologies to separate oil, water and gas generated by oil and gas production. For more information, please visit .
Caution concerning forward-looking statements
This press release may contain forward-looking statements, including statements regarding the business and anticipated financial performance of ProSep Inc. These statements are based, among others, on the Company's current assumptions, expectations, estimates, objectives, plans and intentions regarding projected revenues and expenses, the economic and industry environments in which the Company operates or which could affect its activities, the Company's ability to attract new clients and consumers as well as its operating costs, raw materials and energy supplies which are subject to a number of risks and uncertainties. Forward-looking statements can generally be identified by the use of the conditional tense, the words "may", "should", "would", "believe", "plan", "expect", "intend", "anticipate", "estimate", "foresee", "objective" or "continue" or the negative of these terms or variations of them or words and expressions of similar nature. Actual results could differ materially from the conclusion, forecast or projection stated in such forward-looking information. These statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements. Some of the factors that could cause such differences include but are not limited to the Company's ability to develop, manufacture, and successfully commercialize value added equipments and services, the availability of funds and resources to continue its operations and pursue its projects, legislative or regulatory developments, competition, technological change, changes in government and economic policy, inflation and general economic conditions in geographic areas where ProSep Inc. operates. These and other factors should be considered carefully and undue reliance should not be placed on the forward-looking statements.
Contacts:
ProSep Inc.
Investor Relations and Media:
Danielle Ste-Marie
VP Marketing and Communications
(514) 522-5550 ext. 238
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Datum: 13.10.2011 - 12:00 Uhr
Sprache: Deutsch
News-ID 75754
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contact information:
Town:
MONTREAL, QUEBEC
Kategorie:
Oil & Gas
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