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ProSep Signs $2.3 Million in New Contract Awards

Source: www.gulfoilandgas.com 3/15/2012, Location: North America

ProSep Inc., dedicated to providing process solutions to the oil and gas industry, announced it was awarded two contracts for a total value of $2.3 million. The first contract, for a produced water treatment package, was awarded to ProSep Kolon (ProSepís South Korean joint venture company) by Hyundai Engineering Co. Ltd, for installation at a gas processing plant currently under development in Oman. The second award is for a second-stage crude oil separator for an offshore facility located in Latin America. Both projects are expected to be completed by the end of 2012.

"Our strategy to invest in key growth markets is paying off. With an increasing backlog and new strategic partnerships such as our joint-venture company with South-Koreaís Kolon Group, we are well positioned to achieve a record year in 2012", said Jacques L. Drouin, President & CEO.

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