ProSep to Supply $3.6 Million Produced Water Treatment System to Oil and Gas Super Major
ProSep to Supply $3.6 Million Produced Water Treatment System to Oil and Gas Super Major
Proprietary Solution to be Installed on Offshore Platform in the North Sea
MONTREAL, QUEBEC – January 27, 2010 - ProSep Inc. (TSX: PRP), dedicated to providing process
solutions to the oil and gas industry, today announced it was awarded a $3.6 million (CAD) contract to supply a
proprietary CTour produced water treatment system for an offshore redevelopment project located in the
Norwegian Continental Shelf. Designed to treat 35,000 BWPD (barrels of water per day) the CTour will retrofit
an existing process to improve treatment capacity and efficiently remove dissolved hydrocarbons in produced
water, allowing the producer to exceed strict overboard discharge regulations. Delivery of the system is expected to occur during the second quarter of 2010.
“This contract confirms our position as leading providers of produced water treatment systems in the region. By
utilising our proprietary CTour process, our client will be able to meet the world’s strictest overboard discharge
regulations,” said Jacques L. Drouin, President and CEO of ProSep Inc. “Working closely with our customers, our
produced water experts have pioneered best available technologies that are allowing the oil and gas industry to
treat increasing volumes of produced water while meeting the strictest environmental concerns.”
Around the world, seawater and produced water injection are being used to optimize oil recovery. The CTour’s
compactness and ability to efficiently remove both dispersed and dissolved hydrocarbons from large volumes of
produced water has made it a technology of choice for offshore platforms where condensate is available. This
patented process already polishes two-thirds of the produced water discharged in the Norwegian sector of the
North Sea. When operating at optimal performance, the CTour achieves residual oil discharges of less than 3ppm, a ground breaking treatment process that has facilitated zero harmful discharge legislation in the North Sea.
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. Forwardlooking 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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