Pipeline Technique (PTL) has entered into a long-term agreement with Subsea7 to provide welding and coating services.
Under the terms of the agreement, PTL will provide Subsea7 with access to a team of experienced specialists and cutting-edge equipment. This agreement will build upon the pre-existing and long-standing relationship between the two companies.
Strategic collaboration agreement.
Subsea 7 announced this strategic collaboration agreement with Pipeline Technique. They explain that PTL will provide field joint coating services globally through its subsidiary Pipeline Induction Heat (PIH) and welding services in the Gulf of Mexico region.
PTL supports customers’ projects through the consistent and progressive delivery of global rigid pipeline systems. The company has recently acquired the Oil & Gas division from Stanley Black & Decker, a primary international pipeline services and equipment provider. This acquisition brings together two long-term suppliers of Subsea7 and further strengthens this collaboration agreement.
Ben Mackay, Chief Operating Officer for PTL, said: “By offering predictability, we can provide Subsea7 with a robust foundation for long-term planning and enhanced project performance. We look forward to contributing to more efficient operations benefitting both parties.”
PTL Chief Executive Officer Frederic Castrec said: “PTL’s close working relationship with Subsea7 spans several years, and this collaboration agreement forms the basis for its long-term continuation.”
It can be of your interest: Energy Capital The Magazine, October edition.
About Pipeline Technique
Pipeline Technique (PTL) is a world-leading provider of welding and field joint coating solutions to the global onshore and offshore energy sectors. PTL supplies experienced specialists and cutting-edge equipment to meet our customers’ international project requirements.
PTL recently completed the transformational acquisition of three Stanley Black & Decker companies. And the following the Global Project Services acquisition earlier this year.
Subsea7 has a twenty-year history but can trace its roots to over 25 legacy companies and businesses. Since 1950, they have evolved and overcome a succession of daunting subsea and marine challenges. In the process, they created the world-leading offshore contractor they are today.
The company is positioned in a unique place to drive lower-carbon oil and gas. The company operates development of the challenging renewables and emerging energy sectors. The project management, engineering heritage, and experience allow them to make possible the delivery of energy for today and tomorrow.