ACQUISITION UPDATES/CONTRACTS


Weir Oil & Gas welcomes Mathena to its pressure control group


A chilly day in El Reno, Oklahoma marked the beginning of Mathena’s journey as a Weir Group business as John Jameson, pressure control president, welcomed Mathena employees to Weir Oil & Gas’ pressure control group. The Mathena acquisition completed regulatory review on 31 December 2012. Mathena accelerates Weir’s vision of


creating a Tier-1 provider of surface pressure control equipment and services to upstream onshore unconventional markets along with the Seaboard product line. In addition to extending Weir’s market by over US$500m, the business expands Weir’s presence in the large US drilling market and broadens its pressure control customer base.


Mathena further balances exposure between the Oil & Gas Division’s pressure pumping and pressure control operations and enables Weir to:


• Provide pressure control solutions across the drilling, completion and production lifecycles;


LGE Process sold to Babcock


Weir Mathena facility in El Reno, Oklahoma, USA


• Accelerate the growth of the business through Weir’s extensive North American and international footprint; • Benefit from the technology requirements of increasing environmental and safety regulation; • Cross-sell a broader pressure control portfolio to the enlarged complementary customer base


Integration is well underway, with Bill Tipton, vice-president, divisional business development, taking the role of integration manager. Mathena executives and Weir counterparts have begun working together to develop and implement a strategic plan to accelerate growth for the Mathena product line.


Weir Minerals Canada completes delivery of Multiflo mega-barges


The largest order in Weir Minerals’ history was fully delivered in November 2012. In


LGE is a market leader in the supply of solutions to the marine and onshore liquid gas sectors


early 2010, Weir Minerals Canada won an order to supply three Multiflo mega-barges for Suncor’s TRO Project, located 30km North of Fort McMurray, Alberta. The project was completed in spring 2012 and handed over to Suncor for commissioning. The system is now fully operational. Weir Minerals’ Multiflo reclaim water barges are an integral part of tailings management solutions in oil sands applications. The Weir Minerals mega-barge project is a culmination of months


The Weir Group announced the sale of Weir LGE Process (LGE) to Babcock on 2 January 2013 for £23m. A major UK engineering business listed in the FTSE 100, Babcock seeks to develop a larger presence in the liquid natural gas solutions market and LGE’s expertise can contribute to that ambition. Babcock’s strong marine engineering focus will provide opportunities to further develop and grow the LGE business.


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of effort on the part of several key groups within Weir Minerals Canada including sales, product management and engineering. The complete turnkey project which includes design, fabrication, on-site construction, launch and supply of all equipment including Hazleton pumps from Weir Minerals, barges, mechanical, electrical, process control and marine design represents a multi-million dollar endeavour for Weir Minerals. The project illustrates the successful effort by Weir Minerals Canada to explore adjacent market opportunities and move up the value chain by providing a fully integrated system.


Geothermal plant order for Turkey


Weir Minerals Floway has been awarded a contract to supply pumps for a major


Turkish expansion project. The pumps are for the Maren energy expansion project in Izmir, supplying pentane to a multi-speed generator that produces electricity for surrounding towns. The business recently supplied a total of 10


vertical turbine barrel pumps to the geothermal plant. All of the pumps were built to the American Petroleum Institute specifications and constructed of special materials. Floway’s field service department was on site for a week in October 2012 to assist with start-up and plant maintenance training.


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