SPX to Supply Pumps for Enquest’s Kraken Development

SPX Corporation has received a $22 million contract to supply oil well production pumps for the Enquest-operated Kraken field in the North Sea. The pumps will be utilized for key artificial lift service on the oil field project.

Specifically, the new order is for fifteen ClydeUnion-branded Hydraulic Submersible Pumps, (HSPs), which will be fulfilled by ClydeUnion’s main facility located in Glasgow, Scotland. Deliveries are scheduled to begin in 2014 and continue through 2015.

Plans call for each oil production well within the field to be equipped with a single HSP, located in the well bore more than 3,000 feet below the seabed. The pumps will provide essential pressure boosting for the reservoir fluids to enable production at optimal rates to the field’s FPSO facilities. ClydeUnion’s turbine-driven HSP technology offers the unique combination of pressure boosting and flow assurance improvements, which is particularly beneficial for heavy oil production.

“SPX ClydeUnion Pumps’ HSP features a multiphase pump technology that has been successfully deployed for more than 12 years in a similar subsea well development and has been proven to offer high operational flexibility, availability and reliability,” said Tony Renzi, president of SPX Flow Power & Energy. “Our technology can reduce the need for well access for pump servicing, and consequently often enables our customers to more easily determine their operating expenditures.”

Kraken is a large heavy oil accumulation in the UK North Sea, located in the East Shetland basin, to the west of the North Viking Graben; approximately 125 km east of the Shetland Islands. The field contains 137 million barrels of oil. Enquest’s £4 billion of capital and operational investment, 80% of which will be spent in the UK, is estimated to generate future revenue of £9 billion. Gross peak oil production expected to be over 50,000 barrels of oil per day, first oil production in 2016/2017. The Kraken vessel will be one of the largest ever built in the UK North Sea.

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November 21, 2013