Subsea 7 Acquires Swagelining Limited
Subsea 7 S.A. has acquired Swagelining Limited in an effort to further expand its existing polymer pipeline technology interests.
Both companies have cooperated together in the past, designing and installing in excess of 93 miles of reeled and bundled polyethylene lined water injection flowlines in the North Sea, for a number of operators and developments.
“Building upon a long-term strategic objective to provide more cost-effective solutions, Subsea 7 and Swagelining have a shared vision of the potential that polymer lining could have in future subsea engineering and construction projects, with a focus on extending the application of polymer lined flowlines,” said Thomas Sunde, Subsea 7 vice president of technology.
“The acquisition of Swagelining Limited will enable Subsea 7 to enhance its flowline and riser technology portfolios, and supports Subsea 7’s commitment to develop and apply technologies that reduce cost, enhance production and extend field life,” he added.
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