Timken Helps Smith Technologies Reach Multiple World Records for Drilling Depth
26 Giugno 2007 - 4:17PM
Business Wire
The Timken Company (NYSE:TKR) announced that an end user, Smith
Technologies, has been recognized for setting three world records
with a two-cone rock bit made from Timken� steel. In February,
Smith Technologies� two-cone bit was used in Qatar to drill the
longest single distance by a roller cone bit � 24,591 feet, or 4.7
miles (7.5 kilometers). Made of two specialized grades of Timken�
alloy steel forging bar, the rock bit used for a gas well in Qatar
set three individual records: longest distance drilled with a
roller cone bit, longest distance drilled with a milled tooth bit
and longest distance drilled by a two-cone bit. Smith Technologies,
based in Houston, is a leading supplier of drill bits that
incorporate 21st century engineering and materials technology to
offer outstanding performance in a wide variety of drilling
applications. The two-cone design offers performance advantages
relative to the widely accepted three-cone rock bit, resulting in
greater rig efficiency and driving down costs for end users. �For
our finished products to be as successful as we want them to be, we
needed a steel company with a history of proven performance that
would be a reliable, high-quality supplier and provide technical
support for our growth,� said Gay Norris, purchasing manager for
Smith Bits, an operating unit of Smith Technologies. �For more than
a decade, Timken has been the answer to our needs, and the recent
record-setting depths are proof of our combined success.� Timken
steel is provided to Smith Technologies through Ryerson
Incorporated, a Timken authorized distributor in California.
Ryerson manages inventory for California Amforge in Azusa, Calif.
California Amforge forges the bit components for Smith
Technologies. �This is so rewarding because it highlights our
expertise in maximizing performance for our customers,� said Troy
Powell, account manager for Timken�s steel business. �You may not
see Timken�s name in the record book for it, but we take great
pride in knowing that our high-quality alloy steel was a good
combination with the design to make the bit so successful.� About
Smith Technologies Smith Technologies is a division of Smith
International, Inc. and offers an array of products and services to
the energy and manufacturing industries. For more information,
visit www.smithbits.com. Smith International, Inc. (NYSE: SII), is
a leading worldwide supplier of premium products and services to
the oil and gas exploration and production industry, the
petrochemical industry and other industrial markets. For more
information, visit www.smith.com. About The Timken Company The
Timken Company (NYSE: TKR, http://www.timken.com) keeps the world
turning, with innovative friction management and power transmission
products and services, enabling our customers to perform faster and
more efficiently. With sales of $5.0 billion in 2006, operations in
27 countries and approximately 25,000 employees, Timken is Where
You Turn� for better performance.
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