ProSep Inc. was awarded a contract valued at approximately $13 million for the design and supply of a seawater treatment and water injection system for installation on a floating production system that will operate in a deepwater Gulf of Mexico field. This contract represents the Company's third contract award in the region.
"After a year of significant order growth, we are thrilled to enter 2012 with a large backlog. With this new contract award, one of our largest to date, we expect to achieve record revenues in 2012," said Jacques L. Drouin, President and CEO.
"The investments we made in expanding our engineering and business development capacity have given us the necessary relationships and resources to work with customers right from the first engineering and design stages. This allows us to develop custom solutions that best meet our customer's requirements and provide a better value proposition."
ProSep's seawater injection module is a highly efficient alternative to traditional system designs. It is a complete and customized solution that includes membrane ultra-filtration, sulphate removal and vacuum deaeration. The system was designed to meet strict weight and size availabilities on the floating production platform. Delivery is expected to occur during the first quarter of 2013.
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