The mutually beneficial arrangement will see Proserv and Trendsetter utilise their combined expertise and core strengths to develop cost effective, high-quality solutions for their clients, across both brownfield and greenfield projects.
The new MoU will mean that Proserv will now be able to incorporate its energy production control systems and related services, designed to improve the reliability, integrity and performance of critical infrastructure, alongside Trendsetter’s pressure protection systems, including its high integrity pressure protection system (HIPPS), connection systems and manifolds.
It is anticipated that the new MoU will enable the parties to extend their scope of offering for their customers, and to take their proposition into new global markets.
The collaboration has already borne fruit with the two parties combining their expertise on the expansion of the Shenzi North field on behalf of BHP in the Gulf of Mexico. Trendsetter will deliver its SIL3 rated HIPPS module, equipped with Proserv’s subsea controls technology. This will enable BHP to use its existing flowlines, risers and topside facilities, significantly enhancing the cost-effectiveness of the tieback to the Shenzi tension leg platform (TLP).
One key component of the MoU’s value proposition sees the two parties harnessing the coexistence and backwards compatibility capabilities of Proserv’s subsea electronics technology to supply and retrofit HIPPS and manifold mounted controls on existing systems.
Mario Lugo, Chairman and CEO, Trendsetter Engineering, stated: “We are delighted to establish this strategic arrangement with Proserv which will enable us to combine our expertise and capabilities to extend our respective product offerings worldwide. Our goal with this MoU is consistent with the reputation Trendsetter has cemented over the last 25 years, to be the premier supplier of high-quality, value-added subsea solutions for our clients.”
Davis Larssen, CEO, Proserv Controls, commented: “Our methodology at Proserv, including both our technological development and how we respond to the core needs of the market, revolves around innovation and creativity. So, we too are delighted to enter into this new MoU with Trendsetter as it offers a further exciting and unique example of us working together with another service provider to deliver best-in-class technologies, as well as genuine value and quality for the direct benefit of our clients.”
Read the latest issue of Oilfield Technology in full for free: Issue 3 2021
Oilfield Technology’s third issue of 2021 starts with a report from Wood Mackenzie focusing on the upstream industry’s fortunes in Asia-Pacific. The rest of the issue is dedicated to features covering offshore engineering, coiled tubing, frac technology, completion technologies, water management, well placement and much more.
Exclusive contributions come from Wild Well Control, Cudd Pressure Control, TMK, NOV, Archer, Tendeka, TETRA Technologies and more.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/01122021/proserv-and-trendsetter-engineering-pen-mou-to-expand-subsea-hardware-offering/