Dallas, Texas, USA - June 1, 2007 - Flowserve Corporation, a global provider of fluid motion and control products and services (NYSE: FLS), announced it has secured a contract to provide nearly 400 pumps, seals and a hydraulic de-coking system for Marathon Oil Corporation's (NYSE: MRO) refinery expansion in Garyville, Louisiana. The expansion will increase production by 180,000 barrels per day (bpd), bringing total capacity to 425,000 bpd.
The value of this order should exceed $49 million (USD). Construction at the Garyville refinery is scheduled to begin in mid-2007, and should be completed in the fourth quarter of 2009.
"We are proud and honored that Flowserve will supply this facility with the majority of pumps and seals for this project," says Flowserve Pump Division President Tom Ferguson. "We expect that our long-standing relationship with Marathon will enable us to provide a strong team alliance. Flowserve is also well positioned to support this refinery 24/7 directly from our operations in Baton Rouge."
Flowserve is the primary supplier for pump products for the project, and every pump also includes one or more Flowserve mechanical seals. These Flowserve pumps are all built in accordance with oil industry (American Petroleum Institute - 610) standards.
About Flowserve Corp.
Flowserve Corp. is one of the world's leading providers of fluid motion and control products and services. Operating in 56 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 Corp. can be obtained by visiting the company's website at www.flowserve.com.
Donald A. Mounce, APR
Senior Public Relations Consultant
HSR Business to Business Inc.
Tel: +1 (513) 346-3422