ProSep Inc., dedicated to providing process solutions to the oil and gas industry, was awarded a $2.0 million (U.S.) contract to provide a fuel gas treatment system package to Powertium Engineering Sdn Bhd for installation at Petronas Carigali Sdn Bhd's Tangga Barat Central Processing Platform located offshore Peninsular Malaysia.
"Despite the current global oil and gas industry slowdown, Petronas and other national oil companies in Asia Pacific are maintaining their offshore capital expenditures at historic levels," said Jacques L. Drouin, President and CEO of ProSep Inc. "By partnering with local reputable engineering firms, we are well positioned through our growing Malaysian operations to benefit from increased production activity in the region."
ProSep's fuel gas treatment package will be supplied to Malaysia Marine and Heavy Engineering Sdn Bhd ("MMHE"), a subsidiary of MISC Berhad, a leading international maritime transportation and logistics provider focused on energy transportation whose parent company is Petronas Berhad. MMHE was contracted by Petronas Carigali Sdn Bhd to procure and construct a Central Processing Platform for the Tangga Barat Project. This package will be designed to treat 15MMSCFD of fuel gas and is expected to be delivered during the fourth quarter of 2009. ProSep's sales backlog totals approximately $40 million.
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