Aker Solutions

Before the dream of a “subsea factory” can come true, a group of North Sea companies will need to see if the required technology is economically feasible to build.

The company’s new approach is designed to cut the time required to generate optimal subsea field layouts.

After seeing a significant increase in the price level for subsea equipment, Equinor says it is realizing the ways in which standardized subsea templates help build financial competitiveness. The new standard allowed for the installation of 14 templates in one month.

Aker Solutions and FSubsea have agreed to a joint venture, named FASTSubsea, to help operators increase oil recovery.

The recent upswing in M&As in the oilfield services sector may be a harbinger of more to come as operators push for capex and opex control.