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FMC Technologies injects USD 2m into Hayward Tyler subsea motor plant in the UK

06th May 2015

Hayward Tyler has signed a production alliance agreement with FMC Technologies, the global market leader in subsea systems

The company has now installed over 250 submersible motors in offshore locations globally.

Under the terms of the agreement, Hayward Tyler will manufacture permanent magnet motors for use in FMC Technologies' 3.2MW subsea pump systems. The agreement is accompanied by an initial USD 2m commitment by FMC Technologies towards the on-going development of Hayward Tyler's Luton plant.

Ewan Lloyd-Baker, CEO of Hayward Tyler, commented: "The offshore oil & gas market is of long-term strategic importance to Hayward Tyler and underpins our investment into our Centre of Excellence in Luton. The production alliance agreement with FMC Technologies is of cornerstone importance in relation to our subsea activity."

The on-going expansion of Hayward Tyler's Luton manufacturing facility includes a dedicated test facility for its subsea motors.

Jim Pribble, President and General Manager of FMC Technologies' Direct Drive Systems business added: "Combined, we can now offer the subsea oil and gas segment the absolute latest technology – and then deliver it with best-in-class manufacturing capability. This critical step ensures our customers receive the most reliable subsea boosting solutions available while enhancing the economics for subsea reservoir development."

The company has also reported the signing of a LOI for the latest order for four submersible motors, valued at approximately USD 1.25m, for use in the Baram field in the Malaysian gulf as a result of Hayward Tyler's on-going agreement with Eureka and existing relationship with the end user, Petronas.

The company has now installed over 250 submersible motors in offshore locations globally.

"Being aligned with market leaders in offshore oil and gas exploration is of fundamental importance in terms of expanding our presence in the sector,” Lloyd-Baker said. “We look forward to developing further relationships in the offshore market where our products are able to help provide performance-critical solutions."

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