Curtiss-Wright Signs Subsea Seal-Less Canned Motor Boosting System Agreement With Petrobras

Curtiss-Wright Corporation (NYSE: CW) today announced that it has signed a Technology Cooperation Agreement with PETRÓLEO BRASILEIRO S.A. – PETROBRAS (NYSE: PBR) to design, manufacture, test, and provide operational support for a Subsea Canned Motor Boosting System, to be deployed mudline at a Petrobras production field in the Campos Basin, Brazil.

Curtiss-Wright is working jointly with Petrobras to develop a subsea boosting system for unprocessed hydrocarbon fluid consisting of a mixture of oil, gas and particulates that will operate at a 1,500-meter water depth. The system will leverage Curtiss-Wright’s canned motor technology, as well as Petrobras’ expertise in flow assurance and offshore hydrocarbon production and processing, to ensure the subsea boosting system will perform according to field requirements. Further, it is expected to serve as an effective and reliable alternative to current subsea pump technologies by reducing unplanned outages and production interruptions.

“We are excited to be working collaboratively with a leading technology developer and experienced end-user of downhole pumping and mudline boosting systems for demanding applications,” said Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation. “These efforts will allow us to apply our proven canned motor technology expertise to this adjacent market, thereby enabling an all-electric subsea production system, while providing an opportunity to bring tremendous value to Petrobras.”

Curtiss-Wright’s canned motor pump technology is expected to enable reliable subsea production with fewer topside support systems, and also provide flexibility to deploy these systems on lighter weight, lower cost vessels, which are more readily available than the larger handling vessels required in today’s operations. This “topside-less” technology will support Petrobras’ objective of all-electric subsea boosting systems to enable long tie-back production arrangements. Additionally, the design provides flexibility to deploy future Curtiss-Wright topside-less subsea boosting systems scalable to 6MW for multiphase applications, in alignment with Petrobras’ technology development roadmap.