Hydrasun, a leading specialist provider of integrated fluid transfer, power and control solutions to the global energy market, has announced a major ramp up in demand for its umbilicals products.
The company announced the news as it exhibits at the Offshore Technology Conference in Houston (April 30 – May 3). UK Minister for Trade & Investment Lord Green is due to visit the stand (Number 1975/6) on the Tuesday of the show with Chief Executive of Scottish Enterprise, Lena Wilson.
The umbilicals and subsea connectors department has reported a 50 percent increase in sales for this financial year compared to the 2011 financial year. For the year ended 31 March 2011, the department recorded approximately $9.7 million (GBP 6 million) in sales, which has risen to around $14.6 million (GBP 9 million) for the full year to March 31, 2012. The upsurge in demand has resulted in an increase in staff numbers in the department from 19 in the same period last year to 34 currently.
Most recently Hydrasun has provided more than $16 million (GBP 10 million) of products, both umbilicals and specialist hose assemblies, for the Burullus West Delta Deep project, offshore Egypt. On phase 8a of the project, Hydrasun provided 30 infield jumpers followed by 22 infield jumpers on phase 8b – all of which were supplied with integrated stab plates. A specialist hose assembly order worth nearly $1.6 million (GBP 1 million) for a 2-inch high pressure downline for pipeline pre-commissioning activities on the project was also completed by Hydrasun.
Bob Drummond Chief Executive Hydrasun said: "We have had a really positive start to the year and the considerable increase in sales for umbilicals has partly been due to the number of Operators working on major projects, such as Burullus, who have chosen Hydrasun.
"Hydrasun focuses on fulfilling customer requirements to the highest specification in short lead-times – we achieve this due to our extensive stockholding of specialist hydraulic control line hoses and the in-house capability to manufacture bespoke or specialist end connections."
"Exhibiting at OTC gives us the opportunity to showcase what Hydrasun can offer. It is an honour to welcome the Chief Executive of Scottish Enterprise, Lena Wilson, and the Minister for Trade & Investment, Lord Green to our stand to discuss our recent successes."
From its custom built extrusion and umbilical manufacturing facilities at Gateway Business Park, Aberdeen, Hydrasun delivers complete umbilical solutions from production through to end connection termination complete with stab-plate integration, pressure testing, flushing and the associated documentation packages.
The company's global staff numbers have increased by over 100 in the past year to a total workforce of nearly 600 currently.
Hydrasun Experiences Increased Demand for Umbilicals Products
|Tuesday, May 01, 2012