TORR Canada Awarded Additional US $1.44 Million Contract With Worley Parsons and BP Exploration Alaska
MONTREAL, April 8 /PRNewswire-FirstCall/ — TORR Canada Inc. (TSX: TOR) (“TCI” or the “Company”), dedicated to providing process solutions to the Oil and Gas industry, today announced that its American business unit, ProSep Technologies, Inc., has been awarded an additional contract with Worley Parsons to supply first stage discharge and second stage suction scrubber equipment to BP Exploration (Alaska), for a total value of US $1.44 million.
TCI started servicing BP Exploration’s WRDx Gas Partial Processing Project (“GPP Project”), located in Prudhoe Bay, at the end of January 2008. This new contract is expected to be delivered in the first quarter of 2009.
“I am very pleased to see that our top-quality service and commitment has led Worley Parsons and BP Exploration Alaska to become repeat clients. We look forward to our continued collaboration with industry leaders such as WP/BP as we pursue additional opportunities in this and other promising markets,” said Jacques L. Drouin, President and CEO of TORR Canada.
Prudhoe Bay is North America’s largest oil field and has been experiencing a steady decline in production since reaching its peak in 1987.
About TORR Canada Inc.
TCI is dedicated to providing process 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. TCI recently acquired Pure Group AS of Norway. For more information, please visit http://www.torrcanada.com/.
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