September 23 2014 Latest news:
Friday, January 24, 2014
Parker Hannifin wins £10million contract to supply equipment to new offshore oil and gas drilling project.
PARKER Hannifin in Barnstaple has landed a lucrative contract which should lead to more than £10million in orders over the next year.
The factory at Pottington, the Instrumentation Products Division of the global company, has secured orders to supply specialist valves and fittings for offshore North Sea platforms at a new oil and gas field off Norway.
Parker estimates it will supply at least 10,000 individual valves, tube fittings and other components for the Gina Krog project, as well as some 10 kilometres of tubing.
These will be used to construct liquid and gas instrumentation systems that will measure parameters such as temperature, pressure and flow to help control gas and oil and processing operations.
As well as manufacturing using high-grade stainless steel materials, this project will make extensive use of titanium and the 6Mo steel alloy in key parts of the fluid tubing systems.
Parker has invested around one million dollars in eight new computer-controlled machining centres for the Barnstaple facility, which currently employs more than 200 people and more indirectly through sub-contractors.
“The know-how that Parker has built up in the area of anti-corrosion materials is bringing us considerable success,” said Andy Guest at Parker Hannifin.
“A large proportion of our production output is now manufactured from corrosion-resistant alloys instead of more conventional stainless steels.”
Turnover at Barnstaple has grown during the past two years and Parker believes it is now the largest supplier of fluid connectors for the North Sea oil and gas sector.
“Our products have a performance edge because we always focus on adding value to industry-standard instrumentation products by employing unique features and superior materials and quality to design-out potential failure modes and improve reliability,” added general manager Ian Huggins.