TORR Canada Awarded $12.9 Million Contract for the Supply of Gas Treatment Equipment
Posted on: Monday, 3 December 2007, 09:00 CST
MONTREAL, Dec. 3 /PRNewswire-FirstCall/ -- TORR Canada Inc. (TSX: TOR) ("TCI" or the "Company"), dedicated to providing innovative process solutions to the Oil & Gas industry, announced today that its American division, ProSep Technologies has been awarded a US$12.9 million contract to supply gas treating equipment packages to Pan American Energy LLC - Sucursal Argentina ("Pan American")
Under terms of the agreement, ProSep will supply Pan American with custom gas treating equipment packages for its Valle Hermoso gas production site. The equipment will be used to treat approximately 40 Million Standard Cubic Feet per Day of feed gas containing 20 percent CO2 to less than 2% CO2, to meet sales gas pipeline specifications. Delivery and commissioning is expected before the end of 2008.
"We are excited about this opportunity to work with Pan American, a leading energy company in South America and Argentina's second largest Oil & Gas company," said Jacques L. Drouin, President and CEO of TORR Canada. "ProSep's vast experience in the development of gas membrane technology and long history of supplying and servicing gas membrane systems in Argentina has proven to be key in demonstrating our ability to create a robust, cost-effective and environmentally-friendly solution tailored to our client's specific needs."
"Our direct involvement with all aspects of the project and proven ability to deliver quality process equipment packages made us the logical choice for the fast-track, delivery sensitive gas treating project at Valle Hermoso," said Lew Mologne, President, ProSep Technologies. "We look forward to a very successful collaboration at Valle Hermoso and view this as the first of potentially many more gas treating projects with Pan American Energy."
The Valle Hermoso site is located in the Comodoro Region in southern Argentina. The gas to be treated is associated gas from Argentina's largest oil producing field, Cerro Dragon. The prolific Cerro Dragon field, which is also currently the largest investment target for oil and gas operations in Argentina, is the third largest gas producing field in Argentina.
About TORR Canada Inc.
TCI is dedicated to providing solutions to the oil and gas industry. TCI designs, develops, manufactures and commercializes technologies to separate oil, water and gas generated by oil and gas production. For more information, please visit http://www.torrcanada.com/. TCI recently acquired Pure Group AS of Norway.
Caution concerning forward-looking statements ---------------------------------------------
This press release contains forward-looking statements. Such statements inherently involve numerous risks and uncertainties. Actual future results may differ from the anticipated results expressed in the forward-looking statements contained in this press release and TCI does not undertake to update this information. Investors are cautioned against placing undue importance on forward-looking information contained herein and should consult the final short form prospectus and the documents incorporated by reference therein, which contain a more exhaustive analysis of risks and uncertainties connected to TCI's business.
TORR Canada Inc.
CONTACT: TORR Canada Inc., Jacques L. Drouin, President & CEO, (514)522-5550, ext. 226, jdrouin@torrcanada.com; The Equicom Group Inc., DanielleSte-Marie, (514) 844-6064, dste-marie@equicomgroup.com
Source: PRNewswire-FirstCall
Related Articles
- TORR Canada Awarded US $13 Million Contracts to Supply Gas Separation Equipment in North America
- TORR Canada Awarded US $11 Million Contract By Al-Rashed Company in Kuwait
- TORR Canada Awarded Additional US $1.44 Million Contract With Worley Parsons and BP Exploration Alaska
- TORR Canada Appoints New General Manager for European & Middle-Eastern Operations
- Torr Canada Lands Statoil Upstream Equipment Deal
- TORR Canada Awarded Contracts for $1.6 Million Including a Water Treatment System for Statoil
- Black Gold Gas & Oil Announces Plan to Move to New Exchange
- Black Gold Gas & Oil Announces New Website
- Black Gold Gas & Oil Acquires Foster Oil & Gas Project
User Comments (0)

RSS Feeds