- Continue to Strengthen Relationships with
Worley Parsons / BP Alaska and Saudi Aramco -
MONTREAL, Feb. 12 /CNW/ - ProSep Inc. (TSX: PRP), dedicated to providing
process solutions to the oil and gas industry, announces today it was awarded
a $1.2 million (US) contract by Worley Parsons to supply a multiphase
separator for BP Alaska. An additional contract worth $0.3 million (US) was
awarded by Saudi Aramco for the supply of a ProMix test unit, the Company's
proprietary mixing technology.
"Since 2008, we have been providing engineering and design services to
Worley Parsons and BP Alaska. Our solutions-driven approach and engineering
expertise have been key in strengthening our relationships with the world's
most important oil companies and EPC firms," said Jacques L. Drouin, President
and CEO of ProSep Inc.
ProSep will supply a multiphase separator complete with internals to
Worley Parsons for the BP Alaska Liberty Project. Delivery is expected to
occur in Q4 2009. The BP Alaska Liberty Project is setting standards for
reducing environmental impacts of oilfield development in the Arctic.
ProSep has also received a purchase order from Saudi Aramco for a ProMix
pilot unit. Installation and start-up is scheduled for Q1 2009. This system
will be used for chemical injection into crude oil at South Ghawar, the
world's largest oil field. The ProMix significantly reduces chemical
consumption, operational costs and environmental impact.
ProSep's sales backlog totals approximately $38 million.
About ProSep Inc.
ProSep Inc. is dedicated to providing process solutions to the 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 www.prosepinc.com.
Caution concerning forward-looking statements
This press release contains forward-looking statements. Such statements
inherently involve numerous risks and uncertainties. Actual future results may
differ from the anticipated results expressed in the forward-looking
statements contained in this press release and ProSep does not undertake to
update this information. Investors are cautioned against placing undue
importance on forward-looking information contained herein and should consult
the final short form prospectus and the documents incorporated by reference
therein, which contain a more exhaustive analysis of risks and uncertainties
connected to ProSep's business
For further information:
For further information: ProSep Inc., Jacques L. Drouin, President &
CEO, (514) 522-5550 ext. 226, email@example.com; Patrice Daignault, CFO &
Corporate Secretary, (514) 522-5550 ext. 235, firstname.lastname@example.org