TETRA Technologies, Inc. Announces Completion of Renovations to Galveston Deepwater Clear Brine Fluids Facility

Tue Jul 14, 2009 2:56pm EDT
 
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THE WOODLANDS, Texas--(Business Wire)--
TETRA Technologies, Inc. (TETRA or the Company) (NYSE:TTI) has completed an
extensive renovation of its Galveston, Texas clear brine fluids (CBF) facility.
The Galveston facility has been redesigned to better facilitate current and
upcoming deep and ultra-deepwater projects under contract with the Company`s
Fluids Division. Upon completion of the renovations, the Galveston facility
became the second largest CBF blending operation servicing the Gulf of Mexico;
only the TETRA deepwater facility in Fourchon, Louisiana is larger. 

The redesign of the Galveston facility resulted in a 35% increase in CBF
blending capacity and an increase in overall storage capacity of more than 80%.
Renovations to the facility were specifically designed to support deep and
ultra-deepwater projects, giving the Fluids Division the ability to pre-blend up
to 9,000 barrels of CBFs. These improvements will benefit the Division`s
customers by providing them with the fastest turnaround in the CBF blending
industry, thereby reducing reliance on contracted transportation vessels and
eliminating lost rig time. 

TETRA`s commitment to providing a safe operating environment for its employees
and contractors was reflected by the exemplary safety performance of the
Galveston project team. The facility remained fully operational throughout the
project, providing an uninterrupted supply of CBFs and related products and
services to the Fluids Division`s customers. 

TETRA is an oil and gas services company with an integrated calcium chloride and
brominated products manufacturing operation that supplies feedstocks to energy
markets, as well as other markets. 

This press release includes certain statements that are deemed to be
forward-looking statements. These statements are based on certain assumptions
and analyses made by the Company in light of its experience and its perception
of historical trends, current conditions, expected future developments, and
other factors it believes are appropriate in the circumstances. Such statements
are subject to a number of risks and uncertainties, many of which are beyond the
control of the Company. Investors are cautioned that any such statements are not
guarantees of future performances and that actual results or developments may
differ materially from those projected in the forward-looking statements. Some
of the factors that could affect actual results are described in the section
titled "Certain Business Risks" contained in the Company`s Annual Report on Form
10-K for the year ended December 31, 2008. 



TETRA Technologies, Inc., The Woodlands
Stuart M. Brightman, 281-367-1983
Fax: 281-364-4346
www.tetratec.com

Copyright Business Wire 2009

 

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