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Hydratight and Altus Intervention collaboration created for initial three-year Integrity Assurance™ services
Integrity assurance specialist Hydratight has announced a three-year contract with a major North Sea operator to support flange management and end-to-end process services.
The contract covers the North Sea operator's onshore and offshore assets and facilities and has scope for future development following a move to integrate its process and pipeline services (PPS) into one frame agreement.
Hydratight UK has collaborated with Altus Intervention UK in Aberdeen to successfully secure the contract for the next three years with a potential of two one year extensions. The collaborative approach for the North Sea operations will see Hydratight and Altus Intervention deliver efficiencies across the contract ensuring comprehensive joint integrity assurance, system verification for a flawless and leak-free start-up.
Dean Mayall, business development manager for ESSAI region Hydratight, said: "The oil and gas industry today is characterised by global competition, increased specialisation and integration of high value services aimed to improve efficiency and reduce costs.
"Hydratight and Altus Intervention have identified an opportunity to form a strategic collaboration in the UK to deliver excellence in engineering and technical services, supporting ongoing maintenance and turnarounds.
"The integrity strategy, including PPS, further strengthens our ability as well as expanding our product and service offering. Our team is looking forward to the supply chain collaboration over a sustained timeframe, which we know will be beneficial for the operator by combining our people, resources and expertise.
Garry Michie, president for Altus Intervention UK added "We are really motivated to work together with Hydratight and see great potential in the combined provision of our capabilities, using our integrated multi-disciplinary crews to deliver a further enhanced and extended service delivery. We look forward to supporting the project in order to maximise efficiency across its UK operations."
About Hydratight:
Hydratight provides world-class bolted joint solutions and machining services, plus innovative mechanical weldless connectors, to power generation, oil and gas, nuclear, wind and aerospace industries. Over the last 20 years, Hydratight has pioneered systems for complete joint integrity assurance that are now incorporated in industry-wide safe-working guidelines around the world.
Hydratight is wholly owned by Actuant Corporation, a diversified industrial company serving customers from operations in more than 30 countries and headquartered in Menomonee Falls, Wisconsin. Actuant trades on the NYSE under the symbol ATU. For further information on Actuant and its businesses, visit the Company's website at actuant.com
About Altus Intervention:
Specialists in well intervention and pipeline & process technologies and services
Established technology and innovation centres in Stavanger and Houston
1000 employees globally
Operating in four regions: Norway & Denmark, UK & West Africa, Americas, Middle East & Asia Pacific
www.altusintervention.com