CURTISS-WRIGHT SIGNS AN EXCLUSIVE COOPERATION AGREEMENT WITH SAIPEM FOR SUBSEA PUMP TECHNOLOGY

“We are very excited that the agreement with Saipem will allow Curtiss-Wright to bring its advanced motor technology to the subsea oil and gas market with a world-class integrator,” said David C. Adams, Chairman and CEO of Curtiss-Wright Corporation. “By leveraging decades of experience in supplying equipment for some of the most demanding applications, the barrier fluid-less solution will provide significantly reduced support infrastructure needs and a step-change in subsea motor and pump reliability.”

Stefano Porcari, COO of Saipem’s E&C Offshore Division, commented: “The strategic partnership with Curtiss-Wright marks a fundamental milestone for the technology development program Saipem has in place in order to become a key player in the Subsea Processing Market. Reliability, innovative design and a relentless focus on quality are the pillars of such a journey towards the next frontiers of subsea oil development. Today, we set the basis for a successful inception of our product and service portfolio within the Subsea Processing Market.”
Curtiss-Wright Corporation - Curtiss-Wright Signs an Exclusive Cooperation Agreement with Saipem for Subsea Pump Technology