A pump maker has entered an alliance with a Norwegian company to strengthen its position in the North Sea and keep the energy market moving.
Hayward Tyler, based in Kimpton Road, has teamed up with Eureka Pumps AS to jointly sell combined submersible pump and motor solutions for the offshore oil and gas exploration market.
The agreement follows the two companies jointly winning orders for 14 units for the Aasta Hansteen and Martin Linge projects in the North Sea valued at more than £3.5 million to Hayward Tyler. It brings the number of the Luton firm’s submersible motor units installed in the North Sea to more than 130.
Hayward Tyler and Eureka Pumps AS will also work together to provide combined Aaftermarket services for submersible motor units.
The agreement does not cover large subsea motors where Hayward Tyler is already recognised as a market leader.
Ewan Lloyd Baker, chief executive of Hayward Tyler, said: “The offshore top side pump market is anticipated to expand by 12 per cent annually over the next five years with significant market opportunities existing on the North Sea’s continental shelf as well as in Korea and Africa.
“We see the agreement with Eureka as providing a key channel for further growing our presence in the topside market in the North Sea and internationally. The orders give us further confidence of achieving our forecasts for the current financial year.”
Jarle Tautra, managing director of Eureka, said: “We view Hayward Tyler as the market leader in the design and manufacture of submersible motors for offshore exploration with both organisations fully understanding the importance of lifecycle management. We are delighted to have entered into this agreement with Hayward Tyler.”
Under the agreement, orders secured for new equipment will be manufactured at Hayward Tyler’s’ facilities in the UK with the aftermarket being serviced through the two companies’ international network of offices.