Press Release Details

Colfax to Deliver $2 Million in Pumping Systems for Oil Pipeline in Gabon

November 19, 2008

Colfax to Deliver $2 Million in Pumping Systems for Oil Pipeline in Gabon 16.2 KB

RICHMOND, Va., Nov 19, 2008 /PRNewswire-FirstCall via COMTEX News Network/ --

Maurel et Prom selects Colfax's Allweiler(R), Warren(R) and Imo(R) pumps for its western Africa oil field

Colfax Corporation (NYSE: CFX), a global leader in fluid-handling solutions for critical applications, today announced a $2 million order for pumping systems from French oil company Maurel et Prom. Colfax's Allweiler(R), Warren(R) and Imo(R) pumps will be used to move crude oil through a new 145-kilometer pipeline connecting an oil-field production plant in Onal to a refinery in Coucal, both located in Gabon, on the western coast of Africa.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080508/DC21739LOGO )

"We are pleased to support Maurel et Prom's pipeline expansion project in western Africa," said Colfax President and CEO John A. Young. "The Colfax portfolio of pump technologies has not only demonstrated its reliability and durability in the harshest and most remote oil fields in the world but, in the case of Maurel et Prom, the ability to deliver a complete engineered system with two-screw and progressing cavity pumps operating in series."

The order includes nine Allweiler progressing cavity pumps and six Warren two-screw pumps as well as two Imo skid-mounted pump systems. According to Daniel Joslin, managing director of Colfax Imo Pompes located in Tours, France, "The screw pumps act as pipe-acceleration pumps to move up to 30,000 barrels of crude oil every day and clean the pipeline with water at a rate of 50 cubic meters/hr (13,000 gallons per hour) at 50 bar."

Joslin added, "The progressing cavity pumps support five warming stations in the pipeline that ensure the oil's ability to flow, critical in the Onal oil fields where the crude is unusually viscous, from 30 to 1,380 centipoises. They also reliably move the raw crude oil to upstream treatment systems where it is cleansed of water, paraffin and other foreign contaminants before entering the pipeline."

The order also includes two complete Imo skid-mounted pump systems that employ a progressing cavity pump to empty a tank filled with a water and crude oil mixture and another that provides fire-fighting capabilities with three centrifugal pumps.

Two additional Allweiler pumps are used at the opposite end of the pipeline near the refinery that will process the crude oil. One is a centrifugal pump for cleaning the exterior of the pipeline, and the other is a progressing cavity pump used on a skid for cleaning the interior.

Maurel et Prom commented that the pump selection was based on the deep application expertise and technical support in crude oil applications from Colfax. The company's collaborative approach - for example, conducting special performance tests with oil and water was also an important decision factor.

The Colfax pumps comply with the American Petroleum Institute's API Standard 676 for rotary positive displacement pumps for use in the petroleum, chemical and gas industries as well as the European Union's Atmospheres Explosibles (ATEX) safety requirements.

ABOUT COLFAX CORPORATION - Colfax Corporation is a global leader in critical fluid-handling solutions, including the manufacture of positive displacement industrial pumps and valves used in global oil & gas, power generation, marine, naval and a variety of other industrial applications. Key product brands include, Allweiler, Fairmount Automation, Houttuin, Imo, LSC, Portland Valve, Tushaco, Warren and Zenith. Colfax is traded on the NYSE under the ticker "CFX." Additional information about Colfax's products, businesses and practices is available at www.colfaxcorp.com.

ABOUT COLFAX OIL & GAS SOLUTIONS - Colfax has served virtually every oil company throughout the world over the past 90 years, bringing particular critical expertise to crude oil transport in production facility, pipeline, tank farm and refinery applications and surrounding customers with design, engineering, manufacture, installation, testing and technical support services. The Colfax portfolio of pumping technologies delivers not only unsurpassed reliability, but operational and energy efficiencies, environmental responsibility and cost savings over the lifecycle of the pump.

CAUTIONARY NOTE CONCERNING FORWARD LOOKING STATEMENTS:

This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning Colfax's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on Colfax's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause Colfax's results to differ materially from current expectations include, but are not limited to factors detailed in Colfax's Registration Statement on Form S-1 under the caption "Risk Factors" and other reports filed with the U.S. Securities and Exchange Commission. In addition, these statements are based on a number of assumptions that are subject to change. This press release speaks only as of this date. Colfax disclaims any duty to update the information herein.

SOURCE Colfax Corporation

http://www.colfaxcorp.com