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ProSep to Supply Water Treatment System to Draganos Offshore
Oil / water separation solution to be installed on PEMEX offshore platform
By: Marketwired .
May. 3, 2010 08:01 AM
MONTREAL, QUEBEC -- (Marketwire) -- 05/03/10 -- ProSep Inc. (TSX: PRP), dedicated to providing process solutions to the oil and gas industry, today announced it was awarded a contract to supply a water treatment system to Dragados Offshore for a Pemex platform located in the Gulf of Mexico. Designed to treat 800 BWPD (barrels of water per day) the system will remove free oil from the storm water/wash water drain system. Delivery is expected to occur during the second half of 2010.
"We believe that water treatment represents a growing opportunity for ProSep. We developed a comprehensive portfolio of innovative and efficient solutions enabling oil and gas producers to improve their processing capabilities and be environmentally responsible," said Jacques L. Drouin, President and CEO.
About ProSep Inc.
ProSep Inc. is dedicated to providing process solutions to the oil and gas industry. ProSep designs, develops, manufactures and commercializes technologies to separate oil, water and gas generated by oil and gas production. For more information, please visit www.prosepinc.com.
Caution concerning forward-looking statements
This press release may contain forward-looking statements, including statements regarding the business and anticipated financial performance of ProSep Inc. These statements are based, among others, on the Company's current assumptions, expectations, estimates, objectives, plans and intentions regarding projected revenues and expenses, the economic and industry environments in which the Company operates or which could affect its activities, the Company's ability to attract new clients and consumers as well as its operating costs, raw materials and energy supplies which are subject to a number of risks and uncertainties. Forward-looking statements can generally be identified by the use of the conditional tense, the words "may", "should", "would", "believe", "plan", "expect", "intend", "anticipate", "estimate", "foresee", "objective" or "continue" or the negative of these terms or variations of them or words and expressions of similar nature. Actual results could differ materially from the conclusion, forecast or projection stated in such forward-looking information. These statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements. Some of the factors that could cause such differences include but are not limited to the Company's ability to develop, manufacture, and successfully commercialize value added equipments and services, the availability of funds and resources to continue its operations and pursue its projects, legislative or regulatory developments, competition, technological change, changes in government and economic policy, inflation and general economic conditions in geographic areas where ProSep Inc. operates. These and other factors should be considered carefully and undue reliance should not be placed on the forward-looking statements.
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