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SPX Secures Approximately $40 Million In Pump Orders For Two Oil Production Platforms In The North Sea

CHARLOTTE, N.C., Aug. 9, 2013 /PRNewswire/ --  SPX Corporation (NYSE: SPW) today announced that its Flow Technology segment has been awarded two contracts worth a combined total of approximately $40 million for ClydeUnion-branded pumps that will play a vital role in two offshore oil production platforms being constructed in the North Sea.

Under the terms of one contract, SPX will provide a total of six ClydeUnion pumps, including two large, high-pressure water injection pumps, two water injection booster pumps and two diluent pumps.  For the second contract, SPX will supply three ClydeUnion pumps, including a single high-pressure water injection pump along with two oil transfer pumps.  On virtually every offshore oil platform, high-pressure water injection pumps play a critical role in enabling the successful extraction of oil.

"These are significant wins for SPX and will serve to further elevate our competitive presence in the global oil and gas industry," said Tony Renzi, president of Clyde Union.  "We're confident that ClydeUnion's rich heritage and proven expertise in producing these types of large pumps since the 1970s, combined with our large installed base around the world and the close proximity of our manufacturing facility to the North Sea, all helped make us the pump supplier of choice for these two new oil production platform projects."

With a main facility in Glasgow, Scotland, and others in the U.S., Canada, France and the U.K., SPX's ClydeUnion Pumps business has been manufacturing pumps since 1886. 

"For decades, ClydeUnion Pumps have been serving the needs of the global oil and gas industry in various applications in offshore and onshore oil fields, as well as refineries and pipelines around the world," Renzi added.  "As the oil and gas industry continues to evolve, we are applying our pump engineering expertise to produce increasingly more efficient, better performing and more reliable pumps to serve our customers' needs."

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