(Source: Business Wire)
Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced it was awarded an order of approximately $8 million for pumps by Shell Malaysia Exploration & Production (Shell) to aid in the oil recovery efforts for the St. Joseph field, located in the South China Sea. The St. Joseph field comes under the North Sabah 1996 Production Sharing Contract. Shell and its co-venturer PETRONAS Carigali Sdn. Bhd. are the production sharing contractors of PETRONAS (the Malaysian national oil company), with Shell being the operator.
The order was booked with Flowserve in an earlier quarter in 2009 via a Malaysian company, Enserv Sendirian Berhad. Flowserve barrel pumps will be used on this redevelopment project to inject seawater into the field to boost oil extraction.
"This is another example of the world's leading energy companies relying on Flowserve to help them increase their production capabilities," said Tom Ferguson, Flowserve Pump Division President. "Our customers are responding to increasing global demand for oil, which is driving continued infrastructure investment. Flowserve is well-equipped to meet these needs through our extensive product offerings used in the upstream business, and our service facilities located throughout the Asia Pacific region."
With an installed global base of more than one million pumps, Flowserve has service centers and manufacturing facilities throughout the world. Flowserve's global facilities can provide best-in-class service to ensure a rapid delivery of pumps, parts and technical support to minimize equipment downtime.
About Flowserve Corp.
Flowserve Corp. is one of the world's leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves, as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company's Web site at www.flowserve.com.
SAFE HARBOR STATEMENT: This news release includes forward-looking statements within the meaning of Section27A of the Securities Act of 1933 and Section21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended.
