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Topics News & Markets

ProSep receives US$1.2M supply contact from oil, gas company for mixers

By The Canadian Press | September 26, 2011

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MONTREAL - ProSep Inc. (TSX:PRP) has been awarded a US$1.2-million contact to supply an unnamed Latin American oil company with mixers.

The Montreal-based firm said Monday that the order for the desalting equipment reflect the oil industry's interest in reducing its chemical injection rates and conserving water.

ProSep said desalting is a "crucial step" in the refining process, because it helps prevent corrosion that can lead to the failure of equipment.

"We are currently evaluating the possibility of replacing other traditional mixing valves at this facility by ProSalt in-line mixers," said ProSep president and CEO.

"We believe they can significantly reduce salt content in its oil production and improve profitability."

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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