Weir Oil & Gas and the Rolls-Royce Power Systems company MTU are forming a new joint venture company to oversee the development of their new power system, which is designed to make hydraulic fracturing operations more efficient. The new joint venture company, which will be named at a later date, is expected to be in operation by the beginning of 2016.
Weir manufactures hydraulic fracturing pumps, and MTU provides heavy-duty industrial diesel engines. The new joint venture broadens the relationship from a collaboration agreement announced in May 2014, and will serve as a one-stop shop for the oil and gas exploration industry for sales and service of a system that will be used for hydraulic fracturing operations during the well completion stage of shale oil and gas projects.
The Weir-MTU power system integrates the engine, transmission, and hydraulic fracturing pump into one purpose-built power system for fracturing. The Weir-MTU agreement builds on Weir's newly launched SPM QEM3000 pumping technology and the performance of the new MTU Frac Pack, which integrates the MTU Series 4000 diesel engine and the ZF 8 TX transmission. This combined solution addresses customer demand for more efficient continuous duty equipment.