02 October 2007

John Crane wins US$5.3 million China National Offshore Oil Corporation contract

SMITHS Group, the global technology business, today announces that John Crane China has won a US$ 5.3 million contract from the China National Offshore Oil Corporation (CNOOC) for equipment to be deployed on the new oil refinery at Huizhou in China’s Guangdong province.

CNOOC is one of the largest state-owned oil giants in China and is the largest offshore oil and gas producer.  The CNOOC refinery in Huizhou, which is still under construction, forms part of one of the largest petrochemical projects launched in China in recent years.  When complete, the new facility will produce 220,000 barrels of oil per day.

The contract includes John Crane’s market-leading turbomachinery control panels, seals and couplings, which will help CNOOC to meet the increased demand for oil fuelled by China’s rapid economic growth. 

Paul Cox, Group Managing Director of Smiths Specialty Engineering, said: “Successes like this demonstrate our experience of the ‘project partnership’ business model favoured in China.  The products we are providing will help CNOOC to deliver oil to millions of homes and businesses in the region.”

Smiths has been operating in China since 1987 and currently has four businesses - Smiths Detection, Smiths Medical, Smiths Interconnect and John Crane - located in the country.                                                                                                 

ENDS