MONTREAL, Dec. 3 /CNW/ - TORR Canada Inc. (TSX: TOR) ("TCI" or the
"Company"), dedicated to providing innovative process solutions to the Oil &
Gas industry, announced today that its American division, ProSep Technologies
has been awarded a US$12.9 million contract to supply gas treating equipment
packages to Pan American Energy LLC - Sucursal Argentina ("Pan American")
Under terms of the agreement, ProSep will supply Pan American with custom
gas treating equipment packages for its Valle Hermoso gas production site. The
equipment will be used to treat approximately 40 Million Standard Cubic Feet
per Day of feed gas containing 20 percent CO2 to less than 2% CO2, to meet
sales gas pipeline specifications. Delivery and commissioning is expected
before the end of 2008.
"We are excited about this opportunity to work with Pan American, a
leading energy company in South America and Argentina's second largest Oil &
Gas company," said Jacques L. Drouin, President and CEO of TORR Canada.
"ProSep's vast experience in the development of gas membrane technology and
long history of supplying and servicing gas membrane systems in Argentina has
proven to be key in demonstrating our ability to create a robust,
cost-effective and environmentally-friendly solution tailored to our client's
"Our direct involvement with all aspects of the project and proven
ability to deliver quality process equipment packages made us the logical
choice for the fast-track, delivery sensitive gas treating project at Valle
Hermoso," said Lew Mologne, President, ProSep Technologies. "We look forward
to a very successful collaboration at Valle Hermoso and view this as the first
of potentially many more gas treating projects with Pan American Energy."
The Valle Hermoso site is located in the Comodoro Region in southern
Argentina. The gas to be treated is associated gas from Argentina's largest
oil producing field, Cerro Dragon. The prolific Cerro Dragon field, which is
also currently the largest investment target for oil and gas operations in
Argentina, is the third largest gas producing field in Argentina.
About TORR Canada Inc.
TCI is dedicated to providing solutions to the oil and gas industry. TCI
designs, develops, manufactures and commercializes technologies to separate
oil, water and gas generated by oil and gas production. For more information,
please visit www.torrcanada.com. TCI recently acquired Pure Group AS of
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 TCI 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 TCI's business.
For further information:
For further information: TORR Canada Inc., Jacques L. Drouin, President
& CEO, (514) 522-5550, ext. 226, email@example.com; The Equicom Group
Inc., Danielle Ste-Marie, (514) 844-6064, firstname.lastname@example.org