MONTREAL, Nov. 19 /CNW/ - TORR Canada Inc. (TSX: TOR) ("TCI" or the
"Company"), dedicated to providing innovative process solutions to the Oil &
Gas industry announced today that it has sold a CTour water treatment system
that will be installed on a Statoil AS offshore platform.
TCI's Norwegian division, ProPure AS, has been awarded a contract to
supply Fabrikom, a Suez Group Company, with a CTour Produced Water Treatment
process solution which will be installed on Statoil's Snorre Redevelopment
Project on the Norwegian Continental Shelf. The estimated value of the
contract is $1.1 million and delivery is expected to occur in mid 2008.
TCI's American division, ProSep, based in Houston, was also awarded a
contract to supply BOG CONS Ltd., a small international Oil and Gas producer
with a gas membrane system to be installed in Turkey, worth approximately
"Having another CTour system installed on a Statoil topside facility is
an important recognition of the potential of our produced water treatment
technology. In addition to being an important shareholder of TORR Canada,
Statoil is also a repeat customer." said Jacques L. Drouin, President and CEO
of TORR Canada. "I am also pleased by our American division's performance as
it continues to experience strong sustainable growth in an expanding sector of
the Oil and Gas industry."
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, firstname.lastname@example.org; The Equicom Group
Inc.: Danielle Ste-Marie, (514) 844-6064, email@example.com