LiquidPower Specialty Products Inc. and Subsea 7 Acquire Interest in Safe Marine Transfer, LLC
Retrieved on:
Thursday, July 29, 2021
(SMT) announced that LiquidPower Specialty Products Inc. (LSPI) has taken an equity interest in SMT and has entered a strategic alliance to deliver LSPIs market leading drag reducing agents (DRA) subsea via SMTs patented all electric dual barrier subsea storage and delivery technologies.
Key Points:
- (SMT) announced that LiquidPower Specialty Products Inc. (LSPI) has taken an equity interest in SMT and has entered a strategic alliance to deliver LSPIs market leading drag reducing agents (DRA) subsea via SMTs patented all electric dual barrier subsea storage and delivery technologies.
- The introduction of DRA at the subsea well/drill center has the potential to significantly increase production in a cost-effective manner, by increasing flow rates in existing subsea production lines, subsea gathering lines, and subsea trunk lines.
- Subsea 7, with its global fleet of marine equipment, marine support, manufacturing, and assembly sites offers an established global delivery team.
- About LiquidPower Specialty Products Inc. (LSPI)
LiquidPower Specialty Products Inc. (LSPI), a Berkshire Hathaway Company, is the global leader in the science and application of drag reduction, with over 40 years of experience.