Merpro deal could lead to USD 1 billion business

Montrose oilfield equipment manufacturer Merpro has clinched USD 600,000 of milestone Russian contracts, with the promise of further business worth more than USD 1 billion. This comes on top of USD 2 million of deals won lately, from Europe to Africa to SE Asia, all of which should see a big jump in turnover this year. The company has just received a letter of intent from Halliburton for the supply of hydrocyclone equipment, to be used in a TotalFinaElf development in Russia. The system, which is operates on the same whirling principle as a tornado, will be used to strip oil from water. The second contract with Russian oil company Yukos is follow-up to an initial USD 300,000 order for a “proppant knock-out system” which will be built in alliance in Russia with local contractor Uraltechnostroy. The “Tore” equipment also uses the tornado phenomenon and will remove unwanted hydrocarbon substances stripped from oil as it is produced from a well. The USD 2 million balance of international work includes a contract to provide specialised equipment to a project in Iran; supply of systems to Phillips Petroleum and Statoil to scrub sand from oil aboard two North Sea platforms; and similar sand technology for other clients in Australia and Malaysia.

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