Hydrasun, a leading specialist provider of integrated fluid transfer, power and control solutions to the global energy market, has received three framework agreements worth a total of £3.5million per year to the company.
The recent agreements, for work in the North Sea and internationally, are with several companies including GE Oil & Gas Vetco Gray and Expro.
GE Oil & Gas has selected Hydrasun as a technical partner to supply a range of low, medium and high pressure small bore tubing and hydraulic fitting products to support their xmas tree build programme, initially for one year with options to extend.
Another framework agreement, which is for one year with options to extend, involves supplying Expro with a wide range of hose assemblies, fluid connector products and low, medium and high pressure instrumentation products to support the manufacture of its subsea landing strings and its ground-breaking AX-S project.
The third agreement, which is with a major oilfield services company, is for three years. It involves the provision of a comprehensive portfolio of hose assemblies, fluid connector components and instrumentation product lines, as well as rapid response support services including field technicians and mobile van services.
Aberdeen-based Hydrasun has built a reputation for excellence through the provision of bespoke fluid transfer, power and control solutions to the energy, petrochemical, marine and utilities industries worldwide since it was established in 1976. The company has continuously developed its capabilities to offer clients a range of topside and subsea products, services and integrated solutions.
Bob Drummond, Chief Executive of Hydrasun, said: “All three frame agreements are with existing customers which is a fantastic endorsement of the quality of product and level of service we provide.”
Hydrasun currently exports to over 50 countries and has international operational bases established in Azerbaijan, Kazakhstan, Brazil and The Netherlands as well as a further presence in West Africa, US Gulf of Mexico and the Middle East. Hydrasun has grown to have nearly 600 employees, the majority of which are based in the UK.
Source: Hydrasun, April 18, 2012