ITT Corp. announced an agreement with Shell Global Solutions in which ITTs Goulds Pumps brand will provide American Petroleum Institute (API) centrifugal pumps to support Shell operations worldwide.
Under the agreement, Goulds Pumps will supply these pumps in several configurations, officials said.
The agreement with Shell is another significant milestone in ITTs strategic focus and commitment to support the oil and gas sector with world-class pumps and systems throughout the total life cycle of the equipment, said Robert Pagano Jr., president of ITTs industrial process business.
Oil and gas is now the largest segment of our industrial process business, and we are proud to be able to support our customers with solutions engineered to their needs. Our services do not stop at installation, he added.
We also provide a comprehensive range of aftermarket services to support our customers operations anywhere in the world.
The deal is for five years with an option for an additional five years. Financial terms were not disclosed.
Shell said it applied a comprehensive process in selecting ITT Goulds Pumps, and the agreement includes the development of common specifications, terms and conditions, and pricing.
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