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 firstname.lastname@example.org
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John Crane Receives Multi-Year Contract Extension from Petrom
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