LSPI Enters Subsea with New Alliance

LSPI has entered a strategic alliance with Safe Marine Transfer, LLC. (SMT) to deliver our market leading drag reducing agents (DRA) subsea via SMT’s patented all-electric dual barrier subsea storage and injection unit.

The introduction of DRA at the subsea well/drill center has the potential to significantly increase production in a cost-effective manner, by increasing flow rates in existing subsea production lines, subsea gathering lines, and subsea trunk lines.

This partnership represents a unique opportunity to leverage over four decades of experience in pioneering technology, product development and global delivery to a completely new market where we have the potential to significantly increase subsea well tieback production.

Subsea 7 has taken minority equity interest in SMT and entered a Cooperation Agreement to assist in the delivery of SMT’s services and LSPI DRA on a global basis. Through its partnership with SMT and LSPI, Subsea 7 supports the deployment, recovery, replenishment, and maintenance of the Subsea DRA Injection Unit.

Together, SMT, LSPI and Subsea 7 bring a combination of proven applications, market leading technology and industry expertise to deliver full-service subsea production and pipeline flow increase for offshore needs.

For more information, please visit www.safemarinetransfer.com.