ROVworld Subsea Information

Flowserve and Subsea 7 Collaborate to Provide Production Enhancement Capabil
Date: Wednesday, March 10, 2004 @ 04:34:17 EST

Dallas, TX – Flowserve Corporation (NYSE: FLS), a world leader in engineered pumping solutions, and global underwater contractor Subsea 7 have entered into a collaboration agreement with the aim of exploiting the emerging subsea multiphase pumping and processing market.

Flowserve and Subsea 7, its subcontractor, were recently awarded a contract by Total S.A. – acting as the lead on a Joint Industry Project (JIP) venture for phase two of the MPSP 1500 project – to perform a qualification program. It was concluded as part of the JIP phase one study that the successful completion of this program would confirm the suitability of the Subsea 7 / Flowserve Multiphase Pumping System Package for installations in water depths to 1500 metres.

Appreciating the potential of this emerging oil and gas market, Statoil and BP Exploration have also chosen to sponsor this JIP project.

John Smith, Subsea 7’s chief executive officer, commented “By combining Subsea 7’s underwater capabilities together with Flowserve’s proven experience in the area of multiphase pumping, we will offer clients access to a reliable, cost effective, turnkey solution for both future deepwater and existing oil field developments.”

Source: Oil & Gas Online

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