Offshore/subsea systems
Offshore activity is expected to begin in 2027 with first oil from the 20K-psi project slated for 2028.
Brazil’s ANP extends BW Energy’s contract for the deepwater field from 2031 to 2042, and BW plans to further develop the field.
The shallow-water subsea tieback to the Jupiter platform is expected to produce about 250 MMcf/D of gas at peak.
-
Cutting-edge computing and subsea wireless camera technology deployed on a pipeline construction project enhanced diver safety and generated significant cost savings by avoiding the need for additional subsea vessels. -
Aker Solutions and FSubsea have agreed to a joint venture, named FASTSubsea, to help operators increase oil recovery.
-
From its record high in 2014, purchases of subsea equipment and SURF fell around 50% until reaching a low in 2018. New data suggest that the subsea market will be a top-performing oilfield service segment.
-
The past year ended with a surge of subsea tree awards as E&P operators locked in lower supply-chain cost. Will demand continue to grow in 2019 and allow subsea OEMs to build backlogs and take back pricing power?
-
Anadarko Mozambique Area 1, LTDA, a subsidiary of Anadarko Petroleum Corp., named the preferred tenderers for provision of the subsea production systems. Formal award will follow final agreement of contracts and Mozambique LNG taking a final investment decision, expected in the first half of this year.
-
LLOG’s subsea pipeline tiebacks and structures connecting the Stonefly development to the Ram Powell platform are scheduled to be installed in Q3 2019.
-
Testing will be performed at DNV’s labs in Columbus, Ohio, and Norway and overseen by experts in fatigue of subsea equipment, bolting connections, cathodic protection, and instrumented tests.
-
A project of “firsts,” Equinor’s Aasta Hansteen spar platform began producing gas on 16 December, opening a new region for gas export to Europe and the UK.
-
Westwood forecasts a recovery in the subsea market backed by a new wave of offshore investment. Subsea vessel operations and hardware expenditure are expected to total $152 billion from 2019 to 2023.
-
The firm hopes to remedy the cost-, labor-, and time-intensive process of executing offshore projects through deployment of “Subsea Connect,” which it says can cut project development costs by 30%.
