Hamworthy plc Wins Brazilian FPSO Pumps Contract Worth $46.7 million
- Business & Finance
Hamworthy , a world leader in the design and manufacture of innovative marine and offshore fluid handling systems, announced that it has been awarded a contract from Brazilian shipyard Engevix Construcões Oceânicas S.A. for the supply of cargo pumping systems for eight Floating Production Storage and Offloading vessels (FPSOs).
The contract is worth approximately £30 million (Approximately USD 46.7 million). Delivery of the equipment is scheduled between 2012 and 2014.
Joe Oatley, Chief Executive of Hamworthy, said: “This is a significant breakthrough for electric driven deepwell cargo pumps in the offshore oil production market. The Brazilian market continues to be an important focus for the Group in both the marine and offshore sectors.”
Hamworthy is a leader in the design and manufacture of innovative gas handling, pumping and water management systems for the merchant marine, cruise, onshore and offshore oil and gas sectors.The business benefits from markets that have long-term growth prospects. It produces technically advanced solutions, often in response to environmental needs and legislation.
With its headquarters in the UK, operations in 11 countries and representation in over 50, the Group has established a leading global position in its chosen markets.
Source:Hamworthy, January 11, 2011;