HOUSTON and LONDON – Baker Hughes, a GE company has launched its new approach to subsea development: Subsea Connect, including its Aptara TOTEX-lite subsea system, a suite of new lightweight, modular technologies designed for the full life of field.
By combining planning and risk management, new modular deepwater technology, partnerships and digital tools into a single offering, the company says that Subsea Connect can reduce the economic development point of subsea projects by an average of 30% and has the potential to unlock an additional 16 Bbbl 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 field.”
Subsea Connect is a combination of four solutions:
- Project Connect: BHGE’s independent workflow begins with targeted project outcomes, offering customers independent, flexible project assessment and management. The Project Connect approach eliminates project recycle, reduces cost and project overruns, and increases speed to final investment decision. The company says that its breadth and depth of capability across the value chain enables early engagement at the concept evaluation phase and greater collaboration, transforming project economics.
- Reservoir to topsides technology solutions: The company’s fullstream capability covers all aspects of a development, from the reservoir to the topsides. It includes reservoir management, field development, well construction, topsides optimization, and subsea engineering. The company’s 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 are modular, structured, compact, and designed to be more responsive to changing conditions across the life of field. They are said to cut total cost of ownership by up to 50%.
- Flexible partnerships and commercial models: Its partnership model is flexible and designed to leverage relationships with the most efficient, established partners to meet customers’ needs and improve project economics. The company said its commercial solutions, aligned with customer priorities, help to unlock additional value.
- Digital enablement: The company is layering critical technologies with next-generation digital solutions to drive greater uptime and enhance productivity. For example, its engageSubsea asset lifecycle management solution is designed to optimize the planning, execution, and connectivity of subsea projects, resulting in enhanced execution and remote management of asset maintenance. According to the company, engageSubsea will drive up to a 20% reduction in maintenance costs, and up to a 5% reduction in downtime through predictive analytics.