Colfax to Deliver $2 Million in Pumping Systems for Oil Pipeline in Gabon
November 19 2008 - 4:30PM
PR Newswire (US)
Maurel et Prom selects Colfax's Allweiler(R), Warren(R) and Imo(R)
pumps for its western Africa oil field RICHMOND, Va., Nov. 19
/PRNewswire-FirstCall/ -- Colfax Corporation (NYSE: CFX), a global
leader in fluid-handling solutions for critical applications, today
announced a $2 million order for pumping systems from French oil
company Maurel et Prom. Colfax's Allweiler(R), Warren(R) and Imo(R)
pumps will be used to move crude oil through a new 145-kilometer
pipeline connecting an oil-field production plant in Onal to a
refinery in Coucal, both located in Gabon, on the western coast of
Africa. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080508/DC21739LOGO ) "We are
pleased to support Maurel et Prom's pipeline expansion project in
western Africa," said Colfax President and CEO John A. Young. "The
Colfax portfolio of pump technologies has not only demonstrated its
reliability and durability in the harshest and most remote oil
fields in the world but, in the case of Maurel et Prom, the ability
to deliver a complete engineered system with two-screw and
progressing cavity pumps operating in series." The order includes
nine Allweiler progressing cavity pumps and six Warren two-screw
pumps as well as two Imo skid-mounted pump systems. According to
Daniel Joslin, managing director of Colfax Imo Pompes located in
Tours, France, "The screw pumps act as pipe-acceleration pumps to
move up to 30,000 barrels of crude oil every day and clean the
pipeline with water at a rate of 50 cubic meters/hr (13,000 gallons
per hour) at 50 bar." Joslin added, "The progressing cavity pumps
support five warming stations in the pipeline that ensure the oil's
ability to flow, critical in the Onal oil fields where the crude is
unusually viscous, from 30 to 1,380 centipoises. They also reliably
move the raw crude oil to upstream treatment systems where it is
cleansed of water, paraffin and other foreign contaminants before
entering the pipeline." The order also includes two complete Imo
skid-mounted pump systems that employ a progressing cavity pump to
empty a tank filled with a water and crude oil mixture and another
that provides fire-fighting capabilities with three centrifugal
pumps. Two additional Allweiler pumps are used at the opposite end
of the pipeline near the refinery that will process the crude oil.
One is a centrifugal pump for cleaning the exterior of the
pipeline, and the other is a progressing cavity pump used on a skid
for cleaning the interior. Maurel et Prom commented that the pump
selection was based on the deep application expertise and technical
support in crude oil applications from Colfax. The company's
collaborative approach - for example, conducting special
performance tests with oil and water was also an important decision
factor. The Colfax pumps comply with the American Petroleum
Institute's API Standard 676 for rotary positive displacement pumps
for use in the petroleum, chemical and gas industries as well as
the European Union's Atmospheres Explosibles (ATEX) safety
requirements. ABOUT COLFAX CORPORATION - Colfax Corporation is a
global leader in critical fluid-handling solutions, including the
manufacture of positive displacement industrial pumps and valves
used in global oil & gas, power generation, marine, naval and a
variety of other industrial applications. Key product brands
include, Allweiler, Fairmount Automation, Houttuin, Imo, LSC,
Portland Valve, Tushaco, Warren and Zenith. Colfax is traded on the
NYSE under the ticker "CFX." Additional information about Colfax's
products, businesses and practices is available at
http://www.colfaxcorp.com/. ABOUT COLFAX OIL & GAS SOLUTIONS -
Colfax has served virtually every oil company throughout the world
over the past 90 years, bringing particular critical expertise to
crude oil transport in production facility, pipeline, tank farm and
refinery applications and surrounding customers with design,
engineering, manufacture, installation, testing and technical
support services. The Colfax portfolio of pumping technologies
delivers not only unsurpassed reliability, but operational and
energy efficiencies, environmental responsibility and cost savings
over the lifecycle of the pump. CAUTIONARY NOTE CONCERNING FORWARD
LOOKING STATEMENTS: This press release may contain forward-looking
statements, including forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include, but are not limited to,
statements concerning Colfax's plans, objectives, expectations and
intentions and other statements that are not historical or current
facts. Forward-looking statements are based on Colfax's current
expectations and involve risks and uncertainties that could cause
actual results to differ materially from those expressed or implied
in such forward-looking statements. Factors that could cause
Colfax's results to differ materially from current expectations
include, but are not limited to factors detailed in Colfax's
Registration Statement on Form S-1 under the caption "Risk Factors"
and other reports filed with the U.S. Securities and Exchange
Commission. In addition, these statements are based on a number of
assumptions that are subject to change. This press release speaks
only as of this date. Colfax disclaims any duty to update the
information herein.
http://www.newscom.com/cgi-bin/prnh/20080508/DC21739LOGO
http://photoarchive.ap.org/ DATASOURCE: Colfax Corporation CONTACT:
Joe Niemann of Colfax Corporation, +1-804-327-5679, Web Site:
http://www.colfaxcorp.com/
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