BHGE Reveals New Approach to Subsea Development
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.
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, the company said.
Neil Saunders, president & 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 key 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 (FID).
- Reservoir to Topsides Technology Solutions: BHGE’s fullstream capability covers all aspects of a development, from the reservoir to the topside. This goes beyond the subsea scope and includes reservoir management, field development, well construction, topside optimization and subsea engineering. BHGE’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, cutting total cost of ownership by up to 50 percent.
- Flexible Partnerships and Commercial Models: BHGE’s partnership model is flexible and designed to leverage relationships with the most efficient, established partners to meet customers’ needs and improve project economics.
- Digital Enablement: BHGE is layering critical technologies with next-generation digital solutions to drive greater uptime and enhance productivity. BHGE’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. engageSubsea will drive up to a 20 percent reduction in maintenance costs, and up to a 5 percent reduction in downtime through predictive analytics.
Saunders added: “We’re already delivering against Subsea Connect. 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, evidenced by our comprehensive SPS Catalogue, which includes a full suite of ‘Make to Order’, ‘Configure to Order’ and ‘Engineer to Order’ variants. We have also signed an agreement with a major operator to provide the Aptara lightweight compact tree for deployment next year.”
Subsea Connect, the Aptara TOTEX-lite subsea system and BHGE’s SPS Catalogue were unveiled to E&P customers at a launch event in Houston, USA.