Trelleborg’s offshore operation signs a strategic supply and license agreement with Reel Power Oil and Gas to collaboratively develop and market an innovative new Vortex Induced Vibration (VIV) suppression system aimed at improving riser performance and efficiency in demanding offshore environments. Through this agreement, both companies are aiming to market the solution to a wider customer base globally.
Michael Spence, Senior VP with Reel Power Oil and Gas, states: “We chose to work with Trelleborg to develop and market our patented concept because of their knowledge of the target market and extensive track record in delivering new solutions that create value.”
Antony Croston, Business Group Director with Trelleborg’s offshore operation in Houston says: “We strive to push the limits of the oil and gas industry to improve the performance and competitiveness of our customers. This new solution provides us with the opportunity to work with Reel Power to help them commercialize this technology and allows us to add this superior solution to our portfolio.
“We believe that this technology, which is not currently available to the market, will address some of the key drawbacks of existing VIV suppression solutions as well as take riser performance to the next level. It also offers an exciting and significant possibility to retrofit this solution to some of our existing technology and open it up to a wider market.”
The two companies look forward to developing the new concept and making it available to the offshore oil and gas market as it has the potential to reduce operating costs, improve riser and wellhead integrity and extend vessel uptime. This includes in areas currently deemed not feasible for development where volatile weather limits operational windows.