ProSep Launches Seawater Treatment and Water Injection Systems OfferingProSep Launches Seawater Treatment and Water Injection Systems Offering
MONTREAL, QUEBEC – July 21, 2011 - ProSep Inc. (TSX: PRP) (“ProSep” or the “Company”), dedicated to providing process solutions to the oil and gas industry, today announced the launch of its customized seawater treatment and water injection offering, further completing the Company’s portfolio of process solutions. ProSep is now one of the few companies that can provide the oil & gas industry with treatment equipment at every stage of upstream processing.
"Our Seawater Treatment and Water Injection subject matter experts now offer our clients in-house expertise in conventional solutions which involve the use of media filters as well as in the latest technology of Ultrafiltration (UF) membranes. In the context of increasingly challenging production environments, this is a promising addition to ProSep’s extensive range of technologies as water injection is a key process to stimulate oil recovery and we estimate this market’s annual value to represent approximately $500 Million.” said Jacques L. Drouin, President & CEO.
Water injection is mainly used for Enhanced Oil Recovery (EOR), allowing for increased production in wells that are nearing the end of their primary production life. Prior to being injected, seawater is treated by removing contaminants and oxygen. ProSep’s seawater treatment and water injection equipment requires low maintenance while providing high removal efficiency. Due to its compact size, it represents an ideal solution for offshore applications. ProSep can provide complete design, fabrication, and start-up support to meet customer requirements.
For additional information on ProSep’s entire range of oil, gas, produced water and seawater treatment products and services, go to www.prosep.com.
ProSep is a technology-focused process solutions provider to the upstream 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 http://www.prosep.com./
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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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