SPX wins EnQuest pump contract for Kraken field

SPX Corp.

SPX Corp. (NYSE: SPW) has been awarded a $22 million contract for oilwell production pumps that will be utilized for key artificial lift service on EnQuest's new offshore subsea heavy oilfield project, currently being developed in the North Sea’s Kraken field.

The new order is for 15 ClydeUnion-branded hydraulic submersible pumps (HSP) that will be fulfilled by ClydeUnion's main facility located in Glasgow, Scotland. Deliveries are scheduled to begin in 2014 and continue through 2015.

Plans call for each oil production well within the field to be equipped with a single HSP, located in the wellbore more than 3,000 feet below the seabed. The pumps will provide essential pressure boosting for the reservoir fluids to enable production at optimal rates.

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