KEY SUCCESS FACTORS
The time is now
Electrification opens up new efficiencies and possibilities in subsea developments. It’s on.
Oil and gas field developments are complex and capital intensive, even more so with the growing emphasis on decarbonizing operations. That is why delivering production assurance at the lowest possible cost and carbon-intensity per barrel requires technologies that can both improve recovery efficiency while at the same time results in less physical footprint.
Only systemic electrification and digitalization have the capability to deliver material improvements in production and recovery efficiency, while simultaneously reducing the required facilities and equipment footprint for a development.
For example, these capabilities enable untapped reserves to connect with existing offshore infrastructure (irrespective of distance) or an onshore facility with available capacity. Converting from hydraulic to electric systems eliminates hydraulic failure modes, risk of hydraulic fluid releases, and routine in-person preventive maintenance. Freeing operators from these constraints enables reduction in personnel, or ultimately making facilities unattended and supported by autonomous robotic inspections.
Reducing cost and time to market, and decarbonizing production are not mutually exclusive goals. Electrification and digitalization of production systems are key enablers. To put this into context, operating an electric subsea tree requires no more power than a domestic vacuum cleaner.
In subsea production systems (SPS), electrification provides a reliable, scalable conduit that eliminates the constraints, high expansion costs, and failure modes common to complex hydraulic or multiplexed electrohydraulic control systems. SPS electrification also improves the economic feasibility of long tie-backs, and re-using existing infrastructure shortens the time to positive cashflow. Going all-electric with your subsea and completion technologies fundamentally changes the technical and economic feasibility of some reserves especially in complex reservoirs. You can produce from farther wells and deeper water than was economically feasible before – with much lower energy consumption and carbon impact.
Enable greater water depth, pressure and tie-back distance, and accelerate first oil and gas from remote or stranded reserves.
Fewer and maintenance-free wells, and smaller, cleaner, cheaper and ultimately smarter operations with advanced diagnostics and automation.
Subsea electrification has been in operation since the 1970s with permanent gauges, tree electrical feedthroughs and production and reservoir management systems.
We are working on R&D internally and with operators on all-electric surface actuators, CCS, and next-gen subsea interfaces.
We can show you more examples of how our solutions have delivered real value for customers around the world.