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Parker Hannifin’s Energy Products Division Awarded Mooring Contract by Subsea 7 for Guara and Lula Development

The Energy Products Division of Parker Hannifin Corporation, the global leader in motion and control technologies, has been awarded a contract from Subsea 7 for one of the world’s largest mooring projects. Parker will supply the steel wire tether system for the deep water Guara and Lula NE submerged buoys in Brazil. Subsea 7 has been contracted by Petrobras to provide engineering, procurement, installation and pre-commissioning of four decoupled riser systems in this field.

Parker will provide Subsea 7 with 34 sheathed tethering lines each measuring more than 6,000ft (over 1,850m) in length. These steel tethers will keep the submerged buoys securely moored to the seabed of the Guara and Lula NE fields. The mooring lines will be engineered and constructed at the Tønsberg, Norway manufacturing location.

EPD’s general manager, Craig Anderson, states; “We are proud to have been selected to provide our mooring products for the Guara and Lula NE development, and we look forward to partnering with the Subsea 7 project team on this world-class project.”

The Energy Products Division (EPD) of Parker Hannifin provides innovative project solutions (marine hose, power cables, mooring lines (Parker Scanrope), high pressure hose, custom umbilicals, surveying, metrology, and service) with customer-focused project management, for global energy recovery.

With annual sales of $10bn in fiscal year 2010, Parker Hannifin is the world’s leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. The company employs approximately 55,000 people in 46 countries around the world. Parker has increased its annual dividends paid to shareholders for 54 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index.

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