MONTREAL, Jan. 28 /CNW/ - TORR Canada Inc. (TSX: TOR) ("TCI" or the
"Company"), dedicated to providing process solutions to the Oil and Gas
industry, today announced that its American business unit, ProSep
Technologies, Inc, has been awarded a contract by Worley Parsons to provide
services to BP Exploration (Alaska). The initial portion of the contract is
for engineering and design services representing approximately US$850,000 and
could be worth $4.95 million should the contract include the supply of gas
Under the terms of the agreement, TCI will immediately commence servicing
BP Exploration's WRDx Gas Partial Processing ("GPP project"), located in
Prudhoe Bay. The potential second portion of the contract, for the delivery in
the spring of 2009 of gas separation equipment for produced reservoir fluids,
will be determined within the next few months.
"I am very proud of our American business unit which is experiencing fast
growth and continues to win customers' confidence and is increasingly
attracting the attention of major producers such as BP Exploration and
important oilfield services companies such as Worley Parsons," said Jacques L.
Drouin, President and CEO of TORR Canada Inc. "We have highly experienced
engineers in our Houston-based operation and I am confident that both Worley
Parsons and BP Exploration will be very satisfied with the results of this
Prudhoe Bay, North America's largest oil field, has experienced a steady
decline in production since reaching its peak in 1987," said Lew Mologne,
President of ProSep Technologies and General Manager of the American business
unit. "We are extremely excited to have been selected by Worley Parsons as our
expertise in the treatment of gas will contribute to BP Exploration's efforts
to increase reservoir production at the GPP project."
With this contract, excluding the potential balance mentioned above, TORR
Canada's sales backlog to date reaches $23 million.
About TORR Canada Inc.
TCI is dedicated to providing process 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. TCI
recently acquired Pure Group AS of Norway. For more information, please visit
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