ProSep was awarded a $3.5 million (U.S.) contract to provide gas membrane equipment to a large independent North-American oil and gas company. This system will be used for enhanced oil recovery (EOR) in Texas.
"We expect the market for our gas membrane systems to continue growing as efforts are ongoing to expand crude oil supply via the use of EOR activities," said Jacques L. Drouin, President and CEO of ProSep Inc. "Our Houston team's expertise in designing and delivering highly efficient gas processing solutions has been key to our success. ProSep's modular membrane design allows us to seamlessly increase capacity of existing gas processing trains, an ideal offering for enhanced oil recovery projects."
This membrane equipment, designed to reduce CO2 content in natural gas from 94% to below 10%, will produce an upgraded CO2 stream for use in CO2 flooding associated with enhanced oil recovery (EOR) activities. Delivery is scheduled for the third quarter of 2010.
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