U.K. engineer Rotork PLC (ROR.LN) Tuesday said tougher rules for oil exploration in the wake of the BP PLC (BP.LN) oil spill in the Gulf of Mexico could benefit future sales of its products, although it added there is a risk project delays could crimp demand in the short-term.

Rotork, which makes valve controls for pipelines, said in a statement Tuesday new oil and gas projects could face delayed because regulators will take longer to sign them off.

Chief Executive Peter France told Dow Jones Newswires worries that the spill would lead to widespread cancellations appear to be receding but there is still a risk of some delays.

He added tougher safety rules and more stringent testing regimes for drilling could ultimately benefit Rotork.

"We're expecting there will be an increase in safety systems and planned maintenance and that will be positive for us," France said.

Rotork Tuesday said second-quarter orders rose 19.3% on year and 8.5% for over the first six months as a whole.

France said the recovery in orders includes orders for larger projects some analysts wanted to see evidence of.

-By Jason Douglas, Dow Jones Newswires; 44-20-7842-9272; jason.douglas@dowjones.com
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