John Crane Receives Multi-Year Contract Extension from Petrom

  John Crane Receives Multi-Year Contract Extension from Petrom

Ensures continued growth in the upstream oil and gas market segment

Business Wire

CHICAGO -- June 12, 2013

John Crane Production Solutions, Inc. (JCPS), a subsidiary of John Crane, has
been awarded a four-year contract extension to supply artificial lift
equipment and services to all of OMV Petrom’s operations in Romania. This is
the extension of a contract which became effective in December 2009.

JCPS supports all of Petrom’s oil production operations by supplying products
and services from its comprehensive artificial lift portfolio. Additionally,
JCPS works with Petrom to perform pump design, repair and optimization
support. Introducing new technology into Petrom’s operations is also covered
under the agreement.

Duncan Gillis, President and CEO of John Crane said: “We’ve partnered with
Petrom for many years and together, have made significant improvements in
lowering their total artificial lift operating costs. We look forward to
working with Petrom for many more years and building upon this strong
relationship as we grow our upstream oil services business.”

OMV Petrom is the largest corporation in Romania and the largest oil and gas
producer in Eastern Europe. It’s a subsidiary of OMV, an Austrian-based oil
and gas company.

JCPS offers specialty products, sucker rod products, rod pumps, and on-site
technical service for customers in the upstream oil market.

John Crane www.johncrane.com is a global leader in engineered technology,
supplying engineered products and services to energy services customers and
other major process industries. The company designs and manufactures a variety
of products including mechanical seals, couplings, bearings, filtration
systems and artificial lift equipment. It is part of Smiths Group
www.smiths.com, a global leader in applying advanced technologies for markets
in threat and contraband detection, energy, medical devices, communications
and engineered components. Smiths Group employs around 23,000 people in more
than 50 countries.

Contact:

John Crane
Alicia Antrim-Highlander, (312) 605-7812
ahighlander@johncrane.com
 
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