ProSep Awarded $5.5 Million Gas Treatment Contract

ProSep Inc., dedicated to providing process solutions to the oil and gas industry, announces it was awarded a $5.5 million contract to provide a gas dehydration system to a super major international oil and gas producer operating in the South China Sea. This system will be installed on an offshore field being redeveloped using enhanced oil recovery ("EOR") technology to extend its production life. Delivery is scheduled for the first quarter of 2012.
"This contract with a new client represents our largest system sold to date in South-East-Asia. We continue to see strong demand from the region where many natural gas fields are being developed, said Jacques L. Drouin, President & CEO."
Gas dehydration systems allow for the removal of water vapour from gas streams, preventing hydrate formation and reducing corrosion in pipeline transmission and gas injection applications. ProSep's gas dehydration systems using triethylene glycol (TEG) are designed and fabricated to site-specific requirements. They are compact, highly efficient, easy to operate and are environmentally-friendly, making them ideal for offshore installations.
Source: Press release