November 18, 2009 (FinancialWire) OMNI Energy Services Corp. (NASDAQ: OMNI) has successfully completed the initial offshore retrofit and installation of three of its I.M.P.A.C.T. separator cleaning tools. These retrofit installations are the first under OMNIs two-year contract with Stone Energy Corp. (Stone) (NYSE: SGY), an oil and gas exploration and production company headquartered in Lafayette, La.
OMNI president and chief executive officer Brian J. Recatto commented, Following these installations, we have commenced the data collection process in partnership with our customer and look forward to validating the technology, and establishing I.M.P.A.C.T.s full capability as a device that will improve safety and transform critical production platform operations. I.M.P.A.C.T. further strengthens OMNIs position in the environmental services marketplace.
Stone commented, We look forward to the possibility of enhanced operating efficiency and the potential to significantly increase our output by using I.M.P.A.C.T.
OMNIs I.M.P.A.C.T. is designed to significantly improve safety and efficiency of offshore tank and vessel cleaning. Its patent pending, proprietary technology uses the vessels operating pressure and existing internal fluid to mechanically remove solid waste without the need to shut in production. I.M.P.A.C.T. is designed to dramatically reduce confined space entry exposure, and significantly reduce fluid waste. I.M.P.A.C.T. is able to extract solids from low-pressure applications, including separators, skimmers and heater-treaters.
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