QUEBEC CITY, Feb. 26 /CNW Telbec/ - Opsens Inc. ("Opsens" or "the
Company") (TSX-V: OPS) today announced a new order from an existing client in
the oil and gas to install in six production wells the Opsens' OPP-W sensor
systems used to deliver continuous monitoring of pressure and temperature at
temperature up to 300 degrees Celsius.
This order is the result of the successful completion of OPP-W sensor
system installation on two Alberta Oil Sands production wells made more than
ten months ago. This new multi-well order will allow the customer to have a
fully instrumented pad of Steam Assisted Gravity Drainage (SAGD) wells of
which they can obtain accurate pressure and temperature measurements during
"This repeat order marks a significant milestone for our company," said
Opsens Solutions president Gaétan Duplain. "After successfully testing our
sensor systems, the customer has recognized the reliability and performance of
the technology and has decided to go a step further by deploying this
technology on a larger scale".
Opsens' OPP-W fiber optic sensor system provides oil sands producers with
reliable real-time downhole pressure and temperature information about their
SAGD wells during operation. The ability to confidently control bottomhole
pressure at high temperatures for artificial lift systems such as electrical
submersible pumps allows SAGD operators to improve steam/oil ratios and to
reduce operating and lifting costs. For multiple well operations, this can
provide millions of dollars in savings by reducing water treatment costs and
fuel required for steam generation.
"Optimizing production and operation is on every oil producer's mind
these days as the price of oil has fallen," Mr. Duplain said. "We expect
further sales into this sector in coming months as we conclude discussions
with other major oil and gas producers.
About Opsens Inc. (www.opsens.com)
Opsens is a leading developer, manufacturer, and supplier of a wide range
of fiber optic sensors and associated signal conditioners based on proprietary
patented and patent-pending technologies. Opsens sensors provide long-term
accuracy and reliability in the harshest environments. Opsens provides sensors
to measure pressure, temperature, strain, and displacement to original
equipment manufacturers (OEM) and directly to end-users in the oil and gas,
medical, high-power transformers, and laboratory fields. Opsens provides
complete technical support, including installation, training and after-sales
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Forward-looking statements contained in this press release involve known
and unknown risks, uncertainties and other factors that may cause actual
results, performance and achievements of Opsens to be materially different
from any future results, performance or achievements expressed or implied by
the said forward-looking statements.
For further information:
For further information: Pierre Carrier, President and CEO, Opsens Inc.,
(418) 682-9996; Louis Laflamme, CA, CFO, Opsens Inc., (418) 682-9996