Subsea 7 S.A. has recently announced the acquisition of a leading polymer lining technologist in the subsea industry, Swagelining Limited. This acquisition will further expand Subsea 7’s existing polymer pipeline technology interests.
Subsea 7 and Swagelining Limited have co-operated as a successful partnership, designing and installing in excess of 150 km of reeled and bundled polyethylene (PE) lined water injection flowlines in the North Sea. This has been done for a number of operators and developments.
Thomas Sunde, Subsea 7’s Vice President of Technology, commented: “Building upon a long-term strategic objective to provide more cost-effective solutions, Subsea 7 and Swagelining have a shared vision of the potential that polymer lining could have in future subsea engineering and construction projects, with a focus on extending the application of polymer lined flowlines.”
He added: “The acquisition of Swagelining Limited will enable Subsea 7 to enhance its flowline and riser technology portfolios, and supports Subsea 7’s commitment to develop and apply technologies that reduce cost, enhance production and extend field life.”
Adapted from press release by Anna Nicklin
Read the article online at: https://www.worldpipelines.com/contracts-and-tenders/10082016/subsea-7-acquires-polymer-lining-company/