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Subsea Processing Technology News

13 Apr 2015

Aker, Fjords Join Forces

Aker Solutions and Fjords Processing have formed an alliance to develop technology and capabilities for advanced, cost-effective wellstream separation and treatment solutions for the subsea and topside oil and gas industry. The WellSep alliance will apply Aker Solutions' subsea processing experience and testing facilities and Fjords' topside and onshore separation technologies to provide complete solutions. "This is a great opportunity to further develop our key technologies with one of our most important partners, Aker Solutions," said Rune Fantoft, chief executive officer of Fjords Processing. "The alliance will further strengthen our wellstream separation technology portfolio, testing and in-house capabilities," said Alan Brunnen, head of subsea at Aker Solutions.

02 Sep 2014

Statoil, DNV GL Drive Subsea Factory Interface Standardization

Installation of subsea template at the Åsgard field in the Norwegian Sea. (Photo: Øyvind Hagen)

Statoil has entered into an agreement with DNV GL to establish an industrial cooperation to introduce an international industry standard for subsea process technology. DNV GL will lead a joint industry project (JIP) with important subsea operators to find industrial standards which will make it more profitable to develop larger projects with subsea processing technology. Today, subsea developments are characterized by tailor-made solutions. Subsea pumps have been used in many oil fields…

23 Apr 2013

Subsea Hardware Spending to Double to $124 Billion

Douglas-Westwood (DW) forecast subsea hardware spending is set to double to $124 billion during 2013-2017 compared to the preceding five-year period. The new third edition of Douglas-Westwood’s Subsea Hardware Market Forecast has launched analyses the market through to 2017, examining the key activity trends to provide detailed insight for major players and new entrants alike. “The prospects for the subsea hardware sector look good, however, players will face significant challenges over the forecast period,” said report lead author Angela MacCormack, an example is Brazil which accounts for 14% of our forecast subsea Capex. Project execution is a major issue for Petrobras with 70% local content requirements and engineer shortages placing pressure on the supply chain…

30 Nov 2012

Floating Production

Douglas-Westwood forecast that between 2013 and 2017, $91bn will be spent on floating production systems (FPS) – an increase of 100% over the preceding five-year period. A total of 121 floating production units are forecast to be installed – a 37% increase. This growth is driven by multiple factors, such as a larger proportion of newbuilds and conversions compared to redeployments, a greater degree of local content which often results in a higher cost base and general offshore industry cost inflation.

20 Nov 2012

Floating Production Expenditure set to Double

Figure 1: Global FPS Installation Capex by Region 2008-2017 (Source: Douglas-Westwood)

Douglas-Westwood forecast that between 2013 and 2017, $91bn will be spent on floating production systems (FPS) – an increase of 100% over the preceding five-year period. A total of 121 floating production units are forecast to be installed – a 37% increase. This growth is driven by multiple factors, such as a larger proportion of newbuilds and conversions compared to redeployments, a greater degree of local content which often results in a higher cost base and general offshore industry cost inflation.