The Oil & Gas division of the Weir Group PLC launched five new products Monday, in line with its strategy of being an innovative supplier to the upstream oil and gas markets. The new products broaden its portfolio, expanding its addressable market by over $500 million. They include the Duralast™ patent-pending fluid end technology.
The products will launch at the Offshore Technology Conference in Houston, Texas, the world's foremost event for drilling, exploration and production technology.
Fluid ends are a key aftermarket pressure pumping component used in shale oil and gas drilling operations. When an SPM frac pump uses Duralast™, we project that it can have up to double the life of existing SPM® fluid ends.
Using existing materials, Duralast™ can deliver operational cost savings while the technology can also be applied to fluid ends made with stainless steel and other alloys.
Duralast™ fluid end technology will be initially launched for our Destiny™ frac pump range in the third quarter of 2012, before being applied across the full SPM® fluid end range.
The other new products launched today are:
The Weir Group PLC will issue its Q1 interim management statement on 9 May 2012.
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