ProSep was awarded additional funding to pursue the development of its proprietary gas dehydration technology "ProDry" under a Joint Industry Project (JIP) carried-out with Total, Statoil and ConocoPhillips. The JIP partners together with The Research Council of Norway provided additional funding of approximately $0.4 million (CAD) to pursue a Phase IV pilot testing project, an extension of Phase III announced on May 28, 2009. After successful performance testing at Total's gas processing plant in Lussagnet (France), JIP partners agreed to extend testing to identify scale-up capacity, performance and operational robustness of the ProDry. Phase IV development is expected to conclude in the second quarter of 2011.

"Most new oil and gas discoveries are located offshore in deeper, more remote and challenging environments. By working with industry partners such as Total, Statoil and ConocoPhillips, we can develop pioneering technologies specifically designed to address their actual process improvement requirements," said Jacques L. Drouin, President and CEO of ProSep Inc. "This model allows ProSep to optimize its development activities, allow for onsite testing and provide unbiased performance data."

Tags: ProSep Inc.