Baker Hughes, a GE company, has launched new subsea solutions designed to assist with the full life of fields.
Baker Hughes said on Wednesday that it launched its Subsea Connect solution, including its Aptara TOTEX-lite subsea system.
According to the company, Subsea Connect can reduce the economic development point of subsea projects by an average of 30 percent and has the potential to unlock an additional 16 billion barrels of reserves globally.
Neil Saunders, president and CEO of BHGE’s oilfield equipment business, said: “In recent years, our industry has made good progress in lowering the cost of subsea projects to the point where they have become more competitive with onshore developments.
“While the gap has narrowed, we are taking that to the next level with Subsea Connect, making long-lasting, sustainable change and driving value from concept to commissioning and over the full life of the field.”
Subsea Connect is a combination of four key solutions – Project Connect, Reservoir to Topsides Technology Solutions, Flexible Partnerships and Commercial Models, and Digital Enablement.
The Project Connect approach eliminates project recycle, reduces cost and project overruns, and increases speed to final investment decision (FID).
Reservoir to Topsides Technology Solutions includes the Aptara TOTEX-lite subsea system includes the lightweight compact tree, modular compact manifold, composite flexible risers, SFX wellhead solution, modular compact pump, and subsea connection systems. These technologies, according to BHGE, can cut total costs of ownership by up to 50 percent.
Flexible Partnerships and Commercial Models are flexible and designed to leverage relationships with the most efficient, established partners to meet customers’ needs and improve project economics.
The final part of the Subsea Connect solution is Digital Enablement. The company’s EngageSubsea asset lifecycle management solution is one example, designed to optimize the planning, execution, and connectivity of subsea projects, resulting in enhanced execution and remote management of asset maintenance.
Saunders added: “In addition to the introduction of new technology solutions, we have invested significantly in structuring our subsea production systems (SPS) portfolio to ensure shorter lead times – by as much as 30 percent – and quicker responses […]. We have also signed an agreement with a major operator to provide the Aptara lightweight compact tree for deployment next year.”