Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
Proserv Controls and Trendsetter Engineering agreed on Dec. 1 to collaborate, combining the two service companies’ expertise and potentially extending the scope of their offering into new global markets.
“We are delighted to establish this strategic arrangement with Proserv which will enable us to combine our expertise and capabilities to extend our respective product offerings worldwide,” Mario Lugo, chairman and CEO of Trendsetter, commented in a company release.
Based in Houston, Trendsetter is a privately owned oil and gas service company providing specialized subsea solutions for oil and gas companies around the world. According to the release, Proserv Controls signed a memorandum of understanding (MoU) with the company relating to the joint marketing and supply of integrated subsea hardware and controls.
The new MoU will mean that Proserv will now be able to incorporate its cutting-edge energy production control systems and related services, designed to improve the reliability, integrity and performance of critical infrastructure, alongside Trendsetter’s state-of-the-art pressure protection systems, including its cornerstone high integrity pressure protection system (HIPPS), connection systems and manifolds.
“Our goal with this MoU is consistent with the reputation Trendsetter has cemented over the last 25 years, to be the premier supplier of high-quality, value-added subsea solutions for our clients,” Lugo continued in his statement.
One key component of the MoU’s value proposition sees the two parties harnessing the coexistence and backwards compatibility capabilities of Proserv’s subsea electronics technology to supply and retrofit HIPPS and manifold mounted controls on existing systems.
“Our methodology at Proserv, including both our technological development and how we respond to the core needs of the market, revolves around innovation and creativity,” added Davis Larssen, CEO of Proserv Controls. “So, we too are delighted to enter into this new MoU with Trendsetter as it offers a further exciting and unique example of us working together with another service provider to deliver best-in-class technologies, as well as genuine value and quality for the direct benefit of our clients.”
The collaboration has already borne fruit with the two parties combining their expertise on the expansion of the Shenzi North field on behalf of BHP in the Gulf of Mexico.
Trendsetter will deliver its proven SIL3 rated HIPPS module, equipped with Proserv’s subsea controls technology. This will enable BHP to use its existing flowlines, risers and topside facilities, significantly enhancing the cost-effectiveness of the tieback to the Shenzi tension leg platform (TLP).
Recommended Reading
Gushing, Ohio: EOG Joins Ascent, Encino in Top Oil Wells
2024-01-22 - EOG’s latest wells in its new Ohio oil play are rolling into state public records, while Ascent Resources and Encino Energy are reporting the biggest producers. All three are landing 3-milers. Some are 3.5 miles.
TPH: Lower 48 to Shed Rigs Through 3Q Before Gas Plays Rebound
2024-03-13 - TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.
To Dawson: EOG, SM Energy, More Aim to Push Midland Heat Map North
2024-02-22 - SM Energy joined Birch Operations, EOG Resources and Callon Petroleum in applying the newest D&C intel to areas north of Midland and Martin counties.
Chevron Hunts Upside for Oil Recovery, D&C Savings with Permian Pilots
2024-02-06 - New techniques and technologies being piloted by Chevron in the Permian Basin are improving drilling and completed cycle times. Executives at the California-based major hope to eventually improve overall resource recovery from its shale portfolio.
Rystad: More Deepwater Wells to be Drilled in 2024
2024-02-29 - Upstream majors dive into deeper and frontier waters while exploration budgets for 2024 remain flat.