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Topics News & Markets

ProSep wins $9M contract in South East Asia for water treatment services

By The Canadian Press | October 13, 2011

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MONTREAL - ProSep Inc. (TSX:PRP), a Montreal company which provides process services to the oil and gas industry, says it was awarded two contracts totalling $9 million in South East Asia.

The first contract is for a water treatment package, and the second is to supply a fuel gas treatment system.

Both systems will be delivered and installed next year on two offshore production platforms in South East Asia, the company said Thursday.

The company has been expanding its business in Asia's energy sector in recent months.

"The investments made this year to implement our new strategy are starting to produce tangible results," said Jacques Drouin, president and CEO. "We are entering the fourth quarter with a strong balance sheet and book of opportunities."

ProSep makes technologies to separate oil, water and gas generated by oil and gas production.

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