2018 Offshore Technology Yearbook

Issue link:

Contents of this Issue


Page 53 of 55

52 | December 2017 | 2018 OFFSHORE TECHNOLOGY YEARBOOK | SUBSEA From TechnipFMC came the general view that operators are still interested in technology but the kind of technology that reduces cost, simpli- fies installation and reduces time and risk–which conveniently fits in with the result of the inte- gration of Technip and FMC. There apparently is less appetite for the "deeper, harsher, longer" kinds of solutions, while some operators are also expressing the needs for technology to develop sustainable energy solutions. More specifically, CEO Doug Pferdehirt said publicly that its "integrated EPCI" model has now been accepted for use on five projects, including two for Statoil, one being the recent award for Vis- und in the Norwegian sector. He added that project economics have improved considerably since the market peak, with many projects making economic sense below $50/bbl and some far below that level. He expressed confidence that reduced breakeven levels will allow for the return of the development of deepwater assets. John Kerr, vice-president of engineering and technology at the newly formed BHGE, the merger of Baker Hughes and GE Oil & Gas, added, "While operators seek to reduce costs and optimize productivity … cutting-edge technology is the way forward." Kerr did acknowledge the basic conserva- tism of the industry, which requires the need to "de-risk" the adoption of new technology to clarify the benefits for the operators. Now, with a company whose areas of expertise run from downhole to seabed equipment and topside com- pressors and generators, it becomes even more necessary to prove to operators that it has what they need. Finally comes the views from one of the main adopters of new technology over the last decade, Statoil. Roald Sirevaag, chief subsea engineer, said, "New technology can be both an enabler and a cost reducer, so Statoil is still and continuously working with new technologies and technical solutions to enable value-creating opportunities." Statoil's overall agenda is to balance cost reduction through "SSI," which stands for sim- plification, standardization and industrializa- tion, plus using new technology to create value and reduce cost. A recent example Sirevaag cited is the planned implementation of a direct current fiber-optic con - trol and distribution system on the Johan Castberg development in the Barents Sea. 'We are (also) pursuing remotely operated fac- tories, a mix-and-match of subsea and topside building blocks, qualifying the required missing remotely operable technology solutions. One step already in implementation is operation of ROVs from shore," he added. It appears as the price crash has not totally killed off the desire to deploy new technology for at least one operator. It remains to be seen if others will continue apply to the technology gods to answer their technical challenges. n Efforts supported by Imperial College and ITF for more than a decade led to significant advances being made in fullwave inversion analysis. (Source:, courtesy of ITF)

Articles in this issue

Links on this page

Archives of this issue

view archives of Playbooks - 2018 Offshore Technology Yearbook