Curtiss-Wright Signs an Exclusive Cooperation Agreement with Saipem for Subsea Pump Technology
July 12 2018 - 9:00AM
Business Wire
Curtiss-Wright Corporation (NYSE: CW) today announced that it
has signed an Exclusive Cooperation Agreement with Saipem for
barrier fluid-less subsea pump technology for water treatment and
injection applications.
The development of the barrier fluid-less pump is a derivative
technology application of Curtiss-Wright’s internationally
recognized commercial nuclear expertise whose hallmarks are high
reliability and maintenance-free equipment designs.
To qualify this new technology, Curtiss-Wright and Saipem will
develop, build, and test a full-scale prototype of a barrier
fluid-less pump. This pump is a cornerstone of the all-electric
strategy to replace conventional hydraulic umbilicals with
power/control cables in subsea processing applications. This
technology will be beneficial for SPRINGS®, the subsea desulfation
technology co-owned by Saipem, Total and Veolia, as well as for
Saipem’s proprietary subsea processing technologies as a whole.
“We are very excited that the agreement with Saipem will allow
Curtiss-Wright to bring its advanced motor technology to the subsea
oil and gas market with a world-class integrator,” said David C.
Adams, Chairman and CEO of Curtiss-Wright Corporation. “By
leveraging decades of experience in supplying equipment for some of
the most demanding applications, the barrier fluid-less solution
will provide significantly reduced support infrastructure needs and
a step-change in subsea motor and pump reliability.”
Stefano Porcari, COO of Saipem’s E&C Offshore Division,
commented: “The strategic partnership with Curtiss-Wright marks a
fundamental milestone for the technology development program Saipem
has in place in order to become a key player in the Subsea
Processing Market. Reliability, innovative design and a relentless
focus on quality are the pillars of such a journey towards the next
frontiers of subsea oil development. Today, we set the basis for a
successful inception of our product and service portfolio within
the Subsea Processing Market.”
About Curtiss-Wright Corporation
Curtiss-Wright Corporation (NYSE:CW) is a global innovative
company that delivers highly engineered, critical function products
and services to the commercial, industrial, defense and energy
markets. Building on the heritage of Glenn Curtiss and the Wright
brothers, Curtiss-Wright has a long tradition of providing reliable
solutions through trusted customer relationships. The company
employs approximately 8,600 people worldwide. For more information,
visit www.curtisswright.com.
About Saipem
Saipem is one of the world leaders in drilling services, as well
as in the engineering, procurement, construction and installation
of pipelines and complex projects, onshore and offshore, in the oil
& gas market. The company has distinctive competences in
operations in harsh environments, remote areas and deepwater.
Saipem provides a full range of services with “EPC” and “EPCI”
contracts (on a “turn-key” basis) and has distinctive capabilities
and unique assets with a high technological content. For more
information on Saipem SPRINGS® technology, visit,
http://www.saipem.com/sites/SAIPEM_en_IT/scheda/springs.page
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version on businesswire.com: https://www.businesswire.com/news/home/20180712005448/en/
Curtiss-Wright CorporationJim Ryan,
704-869-4621jim.ryan@curtisswright.com
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