Opsens receives multi-well order for fiber optic pressure sensors from major
Alberta oil producer
The buyer, a major oil and gas producer recognized for its leadership in Alberta, ordered the sensors after evaluating Opsens' proprietary technology for 18 months on a smaller scale. The customer first assessed two OPP-W systems in SAGD production wells, and then expanded the trial to a complete pad of wells. The continued strong, reliable performance of the sensor systems over the 18 months led to the current order.
"This order from a leader in the oil and gas industry is a milestone for Opsens," said Gaétan Duplain, President of Opsens Solutions Inc., Opsens'
Opsens' OPP-W sensor system measures pressure and temperature, in real-time, at temperatures up to 300 degrees Celsius continuously in SAGD wells. The capacity to control pressure and temperature at high temperature allows in-situ producers to improve steam/oil ratios, increase production and reduce operation and lifting costs. The integration of OPP-W sensor systems on a multi-well basis will allow unprecedented field-wide, real-time bottomhole pressure and temperature to operators, production engineers and reservoir engineers, enabling effective and timely heavy oil reservoir management decisions.
Opsens Solutions' highly experienced engineering and fields services team will manage the design and technical services related to the contract. It plans to start installations immediately, with completion expected in the next coming months.
"Our decision to provide customers with a fully integrated offering has been validated by this substantial order," said
About Opsens (www.opsens.com)
Opsens is a leading developer, manufacturer and supplier of a wide range of fiber optic sensors and associated signal conditioners based on proprietary patented and patent pending technologies. Opsens' sensors provide long-term accuracy and reliability in the harshest environments. Opsens provides sensors to measure pressure, temperature, strain and displacement to original equipment manufacturers (OEM) and end-users in the oil and gas, medical, high-power transformers, and laboratory fields. Opsens provides complete technical support, including installation, training, after-sales service, for its fiber optics systems that are regulated by the ISO 9001-2000 norm.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of Opsens to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.
For further information: Pierre Carrier, President and CEO, Opsens Inc., (418) 682-9996; Louis Laflamme, CA, CFO, Opsens Inc., (418) 682-9996
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