Hydrasun Bags 3 Framework Agreements
Hydrasun has concluded three framework agreements worth a total of $5.6 million (GBP 3.5 million) per year to the company.
The recent agreements, for work in the North Sea and internationally, are with several companies including GE Oil & Gas Vetco Gray and Expro.
GE Oil & Gas has selected Hydrasun as a technical partner to supply a range of low, medium and high pressure small bore tubing and hydraulic fitting products to support their xmas tree build program, initially for one year with options to extend.
Another framework agreement, which is for one year with options to extend, involves supplying Expro with a wide range of hose assemblies, fluid connector products and low, medium and high pressure instrumentation products to support the manufacture of its subsea landing strings and its ground-breaking AX-S project.
The third agreement, which is with a major oilfield services company, is for three years. It involves the provision of a comprehensive portfolio of hose assemblies, fluid connector components and instrumentation product lines, as well as rapid response support services including field technicians and mobile van services.
"All three frame agreements are with existing customers which is a fantastic endorsement of the quality of product and level of service we provide," Chief Executive of Hydrasun Bob Drummond said.