Canadian Oilfield Solutions Corp. report that its wholly-owned US subsidiary FlexTek Oilfield Supply Corp. has received a purchase order for USD $3 million for the supply and installation of 35 km 4" Ansi 900 flexible pipe and connectors for sale and delivery to a third party contractor with operations in Mexico that is under contract to the state owned oil and gas producer Pemex.
CDN Oilfield Technologies & Solutions S. de R.L. de C.V. will provide technical expertise and project management services for the installation of products to ensure compliance. An advance deposit of USD $1.5 million has been prepaid by the contractor, with the remaining USD $1.5 million to also be prepaid once the manufacturer delivers the first partial shipment of pipe and connectors to the contractor.
This purchase order marks the largest single flexible pipe order received to date by the Corporation. This order is expected to be installed by the end of December 2012.
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Canadian Oilfield Solutions Corp.
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