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ProSep wins $1.8M in new contracts in Mexico and Western Canada

By The Canadian Press | July 05, 2011

MONTREAL - ProSep Inc. (TSX:PRP) has been awarded $1.8 million in new contracts to supply a produced water treatment system for installation on a deepwater Gulf of Mexico facility and crude dehydration equipment for two oilsands plants in Alberta.

"The Gulf of Mexico and the Canadian oilsands represent new and promising territories for ProSep," president and CEO Jacques Drouin said in a release.

"With sustained high crude prices, increasing production challenges and regulation, demand for our process equipment continues to grow."

The produced water treatment system consists of hydrocyclones and induced gas flotation equipment. It is designed to treat 40,000 barrels per day of produced water to less than 20 parts per million oil in water. The equipment is expected to be delivered early in 2012.

The crude dehydration systems consist of engineering services and internals for one free-water knock-out vessel and two thermal electrostatic treaters designed to dehydrate 15 API crude to 0.5 per cent basic sediment and water outlet oil specification.

The contract was awarded through a commercial alliance with Edmonton-based engineering and manufacturing company Thermo Design, with the equipment also expected to be delivered by early 2012.

ProSep serves the upstream oil and gas industry, designing and manufacturing technologies to separate oil, water and gas generated by oil and gas production.

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